Opaque budgeting in focus, as Lagos ranks 27th on fiscal transparency table

A new report by BudgIT has placed all these in proper perspective, ranking Lagos 27th on a list of the country’s most fiscally transparent states for the first quarter of 2024. Lagos scored 54% out of a maximum 100%, a rather poor showing for a state th

Lagos is by far the wealthiest state in Nigeria. However, years of opaque budget practices have continued to cast a dark shadow over how the state generates and spends public funds.

In the early 2000s, when the state was starved of funds due to a face-off with the Federal Government, Lagos under Governor Bola Tinubu implemented radical changes to its rev…