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...
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| Format: | Public Investment Review |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| 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 |
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okr-10986-210462021-04-23T14:04:00Z Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity Treichel, Volker Ebenerze Oyewol, Olubgenga ACCOUNTING ACQUISITION BANKS BENEFICIARIES BID BIDDING BIDS BOND BONDS BORROWING BORROWINGS BRIDGE BUDGETING BUS CAPACITY[BUILDING CHECKS CITIES COMPANY CONGESTION CONTRACTORS COOPERATIVES CORPORATION CORRUPTION CREDITS DEBT DEBTS DEFICITS EMISSION EMPOWERMENT EQUIPMENT ESTATE EXPENDITURE EXPENDITURES EXTERNALITIES FACILITATION FARMER FINANCES HIGHWAY HIGHWAYS HOUSEHOLDS INCORPORATED INFLATION INSPECTION INSTRUMENT INVENTORY ISSUANCE LANES LIMITED LOAN LOAN REPAYMENTS LTD. MANAGERS MORTGAGE PARTNERSHIP PATRONAGE PENSION PORTFOLIO PPPS PREPAYMENT PROGRAMS PSP PUBLIC INVESTMENT RAIL RECEIPTS RETURNS ROAD ROADS SAFETY SECURITIES SOCIETIES SOCIETY STAKEHOLDERS SUBSIDIARY TAX TOLL TRAFFIC TRANSIT TRANSPARENCY TRANSPORT TRANSPORTATION TREASURY UNION VALUATION VEHICLE VEHICLES WEALTH 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. 2014-12-31T15:39:34Z 2014-12-31T15:39:34Z 2011 http://documents.worldbank.org/curated/en/2011/01/23068845/lagos-state-nigeria-pim-investment-infrastucture-modern-megacity http://hdl.handle.net/10986/21046 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Public Investment Review Africa Nigeria |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACQUISITION BANKS BENEFICIARIES BID BIDDING BIDS BOND BONDS BORROWING BORROWINGS BRIDGE BUDGETING BUS CAPACITY[BUILDING CHECKS CITIES COMPANY CONGESTION CONTRACTORS COOPERATIVES CORPORATION CORRUPTION CREDITS DEBT DEBTS DEFICITS EMISSION EMPOWERMENT EQUIPMENT ESTATE EXPENDITURE EXPENDITURES EXTERNALITIES FACILITATION FARMER FINANCES HIGHWAY HIGHWAYS HOUSEHOLDS INCORPORATED INFLATION INSPECTION INSTRUMENT INVENTORY ISSUANCE LANES LIMITED LOAN LOAN REPAYMENTS LTD. MANAGERS MORTGAGE PARTNERSHIP PATRONAGE PENSION PORTFOLIO PPPS PREPAYMENT PROGRAMS PSP PUBLIC INVESTMENT RAIL RECEIPTS RETURNS ROAD ROADS SAFETY SECURITIES SOCIETIES SOCIETY STAKEHOLDERS SUBSIDIARY TAX TOLL TRAFFIC TRANSIT TRANSPARENCY TRANSPORT TRANSPORTATION TREASURY UNION VALUATION VEHICLE VEHICLES WEALTH |
| spellingShingle |
ACCOUNTING ACQUISITION BANKS BENEFICIARIES BID BIDDING BIDS BOND BONDS BORROWING BORROWINGS BRIDGE BUDGETING BUS CAPACITY[BUILDING CHECKS CITIES COMPANY CONGESTION CONTRACTORS COOPERATIVES CORPORATION CORRUPTION CREDITS DEBT DEBTS DEFICITS EMISSION EMPOWERMENT EQUIPMENT ESTATE EXPENDITURE EXPENDITURES EXTERNALITIES FACILITATION FARMER FINANCES HIGHWAY HIGHWAYS HOUSEHOLDS INCORPORATED INFLATION INSPECTION INSTRUMENT INVENTORY ISSUANCE LANES LIMITED LOAN LOAN REPAYMENTS LTD. MANAGERS MORTGAGE PARTNERSHIP PATRONAGE PENSION PORTFOLIO PPPS PREPAYMENT PROGRAMS PSP PUBLIC INVESTMENT RAIL RECEIPTS RETURNS ROAD ROADS SAFETY SECURITIES SOCIETIES SOCIETY STAKEHOLDERS SUBSIDIARY TAX TOLL TRAFFIC TRANSIT TRANSPARENCY TRANSPORT TRANSPORTATION TREASURY UNION VALUATION VEHICLE VEHICLES WEALTH Treichel, Volker Ebenerze Oyewol, Olubgenga Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| geographic_facet |
Africa Nigeria |
| description |
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. |
| format |
Economic & Sector Work :: Public Investment Review |
| author |
Treichel, Volker Ebenerze Oyewol, Olubgenga |
| author_facet |
Treichel, Volker Ebenerze Oyewol, Olubgenga |
| author_sort |
Treichel, Volker |
| title |
Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| title_short |
Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| title_full |
Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| title_fullStr |
Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| title_full_unstemmed |
Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity |
| title_sort |
lagos state, nigeria : pim investment in infrastucture for a modern megacity |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2011/01/23068845/lagos-state-nigeria-pim-investment-infrastucture-modern-megacity http://hdl.handle.net/10986/21046 |
| _version_ |
1764447607550115840 |