The Lagos State Government, through the Parastatals Monitoring Office, has organised a Knowledge Sharing Session for Heads of Finance and Accounts as well as Revenue Officers of Parastatals, Agencies, and Government-Owned Companies.
Eko Hot News reports that the session was held at the State Treasury Office (STO) Resource Centre, Alausa, as part of ongoing efforts to strengthen financial performance and accountability across government institutions.
The knowledge-sharing engagement focused on the effective use of Key Performance Indicators (KPIs), automation, and innovative tools to enhance institutional efficiency and boost revenue generation.
Participants were taken through practical discussions on setting measurable revenue targets, monitoring performance outcomes, and deploying data-driven approaches to improve fiscal discipline.
The session also highlighted the importance of automation in reducing leakages, improving transparency, and ensuring timely financial reporting within parastatals and government-owned entities.
Officials were encouraged to adopt best practices in revenue assurance, performance tracking, and sustainable fiscal management in line with the State’s governance objectives.
The event was graced by the Special Adviser to the Lagos State Governor on Parastatals Monitoring, Hon. Ibrahim Babajide Obanikoro, who underscored the need for innovation and accountability in public financial management.
Also in attendance was the Permanent Secretary, Parastatals Monitoring Office, Dr Olugbemiga Aina, who reiterated the State Government’s commitment to capacity building and continuous improvement across its institutions.
He noted that equipping finance and revenue officers with modern performance tools remains critical to achieving efficiency, transparency, and improved service delivery.
The session forms part of Lagos State’s broader strategy to strengthen institutional governance, optimise revenue generation, and promote sustainable economic growth.
