Lagos State, Nigeria : PIM Investment in Infrastucture for a Modern Megacity
Keywords
DEFICITSLTD.
BOND
SAFETY
COOPERATIVES
TRANSPARENCY
LOAN
ACQUISITION
BENEFICIARIES
HIGHWAY
VEHICLES
MANAGERS
SUBSIDIARY
ROAD
SOCIETY
PPPS
SOCIETIES
ISSUANCE
EMISSION
CORRUPTION
CHECKS
EXPENDITURE
DEBT
BANKS
LOAN REPAYMENTS
EMPOWERMENT
BUDGETING
SECURITIES
PENSION
FACILITATION
EXPENDITURES
LIMITED
BID
INSPECTION
STAKEHOLDERS
ESTATE
PORTFOLIO
EXTERNALITIES
RAIL
VEHICLE
EQUIPMENT
VALUATION
TAX
PSP
TRANSIT
BIDS
ROADS
LANES
PROGRAMS
ACCOUNTING
INFLATION
TRANSPORTATION
BORROWINGS
CONTRACTORS
INVENTORY
PATRONAGE
TREASURY
BONDS
BIDDING
DEBTS
UNION
BRIDGE
FINANCES
PREPAYMENT
COMPANY
RETURNS
PUBLIC INVESTMENT
TRANSPORT
BUS
WEALTH
PARTNERSHIP
HOUSEHOLDS
FARMER
RECEIPTS
CAPACITY[BUILDING
MORTGAGE
TOLL
CREDITS
INSTRUMENT
HIGHWAYS
BORROWING
CITIES
TRAFFIC
INCORPORATED
CORPORATION
CONGESTION
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http://hdl.handle.net/10986/21046Abstract
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.Date
2014-12-31Identifier
oai:openknowledge.worldbank.org:10986/21046http://hdl.handle.net/10986/21046