Lagos begins review of 54 laws guiding parastatals

Ayantayo said that the review of the enabling laws was in collaboration with the Ministry of Justice through the Law Reform Commission Office.

He said that there was a need for the review as the 54 identified laws were either obsolete or hindering the parastatals’ operational guidelines.

“The review is to raise the standard of performance of the parastatals and ensure that their mandates as established in their enabling laws can meet the service requirements of 21st-century society.

“A total of 54 of such enabling laws have been forwarded to the Law Reform Commission for review.

“Hopefully, when the exercise is completed, affected agencies would have better-enabling laws that would enhance their operations and deliver their services effectively,’’ the Special Adviser said.

He noted that the office had made remarkable achievements in monitoring and evaluating the performances of parastatals and government-owned companies.

Ayantayo said that his office monitored the parastatals with a focus on five Key Performance Indicators (KPIs).

These include the process, input, output and outcome, qualitative, quantitative KPIs.

The office strives toward ensuring that the targets of the parastatals are achieved.

He said that other areas that the office was executing its mandates were in training and retraining of personnel to enhance efficiency.

Ayantayo said that the PMO also classified the parastatals along the line of the T.H.E.M.E.S developmental agenda and enhanced their visibility through the quarterly publication of a magazine titled “Lagos Parastatals Quarterly”.