The administration of Babajide Sanwo-Olu of Lagos has kicked off move to urgently review 54 obsolete laws in parastatals across the state.
Special Adviser on Parastatals Monitoring Office (PMO), Afolabi Ayantayo, stated this at a ministerial press conference to mark the second year of Governor Sanwo-Olu in office.
He said the move was to raise the standard of performance of the parastatals and ensure that their mandates as established in their enabling laws could meet the service requirement of 21st century society.
“The PMO, in collaboration with the Ministry of Justice through the Law Reform Commission Office embarked on the review of enabling laws of the parastatals that are either obsolete or hindering their operational guidelines.
“A total number 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,” he said.
He added that in the next few months, monitoring and evaluation would be intensified to ensure that the parastatals keep to their key performance indicators for achievement of their set goals.
He said reports generated from these would be forwarded to the governor to keep him abreast of the situation at the parastatals and government owned companies.
“We also want to intensify our efforts at getting entrepreneurs to establish business relationships with our parastatals and government owned companies. This will promote expertise, goal driven activities, effective delivery of services to the people and achieving the 21st century economy of this administration.
“We will intensify efforts to ensure that all obsolete laws of the parastatals and government owned companies under review are completed,” he stated.
