Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity
Lagos State is one of the fastest growing metropolises in the world. Under the Governor s Ten Point Agenda (TPA), Lagos State has made substantial progress in creating the basis for sustained growth by improving infrastructure and strengthening the...
| Main Authors: | , |
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| Format: | Public Investment Review |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/01/23068845/lagos-state-nigeria-pim-investment-infrastucture-modern-megacity http://hdl.handle.net/10986/21046 |
| Summary: | Lagos State is one of the fastest
growing metropolises in the world. Under the Governor s Ten
Point Agenda (TPA), Lagos State has made substantial
progress in creating the basis for sustained growth by
improving infrastructure and strengthening the business
environment. Improved public investment management (PIM) has
been at crucial element of these reform efforts. This paper
reviews the reform efforts of the Lagos State Government in
strengthening the planning and execution of expenditures,
and rates the quality of PIM. The study make the case that
the overall practices in PIM in Lagos State are still weak,
but have made encouraging leaps toward improvement,
including passage by the legislature of several important
bills, such as the Lagos State Procurement Bill 2009, Lagos
State Tenancy Bill 2009, Lagos State Public Finance
Management Bill 2010, and the Criminal Law of Lagos State
Bill 2010. However, a major issue that will continue to
impose hurdles and pressure on the ability of the State
Government to effectively plan, implement, and monitor
public investment in a systematic and comprehensive manner
is the huge relative size of the Lagos State economy !and
the ever increasing population of the State, which threatens!to!outpace!progress!in!developing!relevant!institutional!capacity. |
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