The Lagos State Government has strengthened its commitment to transparency, accountability, and long-term development through the institutionalisation of sustainability reporting across public institutions.
Eko Hot News reports that the initiative was reinforced during the Executive Sustainability Reporting Strategic Alignment Meeting and the second phase of a capacity-building programme held in Alausa, Ikeja.
The programme is designed to integrate sustainability principles into governance and improve service delivery across Ministries, Departments, and Agencies.
The Commissioner for Economic Planning and Budget, Ope George, said Lagos must continue to adopt global standards as Africa’s fastest-growing megacity.
He noted that sustainability reporting will help strengthen responsible resource management and improve long-term planning across the state.
According to him, Lagos has previously adopted various sustainability frameworks but in a fragmented manner.
He explained that efforts are now underway to harmonise and standardise reporting systems across all MDAs.
The Commissioner said the reform will enhance transparency and accountability in public governance.
He added that Lagos continues to position itself as a leader in infrastructure development and public sector reform.
George stated that sustainability reporting represents a commitment to responsible and future-focused governance.
He emphasized that every report reflects accountability to residents and stakeholders.
The Special Adviser to the Governor on Sustainable Development Goals, Oreoluwa Finnih, said the initiative goes beyond compliance requirements.
She described it as a governance tool for measuring impact, managing risks, and improving decision-making.
Finnih said the programme aligns with Governor Babajide Sanwo-Olu’s vision of building a globally competitive and inclusive Lagos.
She noted that Lagos has consistently led reforms in governance, infrastructure, and innovation.
According to her, the state is once again demonstrating leadership through sustainability reporting adoption.
She added that the initiative reflects practical governance and the delivery of democratic benefits.
The Executive Secretary and CEO of the Financial Reporting Council of Nigeria, Rabiu Olowo, said Lagos’ adoption of international standards will improve financial and sustainability disclosures.
He explained that the IFRS S1 and S2 frameworks will enhance reporting on environmental, social, and governance performance.
Olowo said the initiative will also improve climate risk management and public sector efficiency.
He noted that access to funding and investment is increasingly tied to credible sustainability data.
According to him, Lagos continues to stand out as a leader in innovation and infrastructure development.
He referenced major projects such as the Blue Line Rail and Eko Atlantic City as examples of the state’s progress.
Olowo said sustainability reporting will further strengthen Lagos’ global reputation for transparency and governance excellence.
The Financial Reporting Council pledged continued technical support for the initiative.
Officials encouraged MDAs to adopt sustainability reporting as a standard practice.
They said the programme will improve public trust and institutional performance across government.
Stakeholders noted that the initiative positions Lagos as a model for sustainable governance in Africa.
The state government reaffirmed its commitment to building a resilient, accountable, and future-ready public sector.
