In a bid to bolster transparency and financial accountability within Lagos State Parastatals and Government-Owned Agencies, the Parastatals Monitoring Office (PMO) has forged a strategic partnership with the valuation office to conduct a comprehensive evaluation of fixed assets across the state.
Representatives from both entities convened last Tuesday at the PMO Conference Room to outline the roadmap for this critical endeavour.
Presiding over the meeting, Adetutu Ososanya, the Permanent Secretary of PMO, underscored the importance of this initiative. She emphasized that the primary goal is to ensure that all government-held fixed assets within Parastatals are accurately assessed at their true and fair values. This, she explained, is crucial for identifying key value-generating areas within these offices.
Leading the team from the Valuation Office, Kunle Awolaja, the Director of Valuation, echoed Ososanya’s sentiments.
He assured that his office is fully committed to executing the evaluation exercise with the utmost professionalism.
Furthermore, he emphasized the importance of deploying the necessary technical resources to facilitate an accurate assessment. Mr. Awolaja stressed that this valuation exercise is not only aimed at determining the current worth of these assets but also at ensuring that the process supports the financial performance of the government.
This collaborative effort between the PMO and the Valuation Office marks a significant step towards enhancing transparency and accountability within Lagos State’s public sector.
By conducting a thorough evaluation of fixed assets, the government aims to streamline its financial management practices and optimize resource allocation for the benefit of all residents.