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Nigeria Lagos Second State Development Policy Credit

Abstract*

This Second Lagos State Development Policy Operation Program (SLSDPO) supports the implementation of a reform program in Lagos State through a new series of two programmatic operations. Lagos State contains the city of Lagos, a mega-city of an estimated 16-21 million inhabitants that has suffered for decades from large-scale poverty, rampant crime, environmental degradation, and insufficient public services. Over the last decade, however, Lagos State...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The operation supports Lagos State for reforms in budgetary planning, budgetary exectution, and for improving the business climate in the areas of lands and building permits.

Key Details

Project Details

  • P123352

  • Closed

  • John Litwack

  • N/A

  • Nigeria

  • March 27, 2014

  • (as of board presentation)

    March 27, 2014

  • August 1, 2014

  • US$ 200.00 million

  • N/A

  • August 31, 2023

  • May 31, 2015

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 200.00
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 15, 2017 IDA-54000 Int Charges 13,771.69
Aug 15, 2017 IDA-54000 Int Charges 688,199.06
Aug 15, 2017 IDA-54000 Int Charges 688,199.06
Aug 15, 2017 IDA-54000 Int Charges 1,113,943.50
Aug 15, 2016 IDA-54000 Int Charges 15,520.97
Aug 15, 2016 IDA-54000 Int Charges 682,433.75
Aug 15, 2016 IDA-54000 Int Charges 682,433.75
Aug 15, 2016 IDA-54000 Int Charges 1,137,389.50
Feb 15, 2017 IDA-54000 Int Charges 646,113.06
Feb 15, 2017 IDA-54000 Int Charges 646,113.06
Feb 15, 2017 IDA-54000 Int Charges 1,086,967.10
Feb 15, 2017 IDA-54000 Int Charges 13,992.90
Feb 15, 2017 IDA-54000 Int Charges 13,992.90
Feb 15, 2016 IDA-54000 Int Charges 991.05
Feb 15, 2016 IDA-54000 Int Charges 991.05
Feb 15, 2016 IDA-54000 Int Charges 686,454.94
Feb 15, 2016 IDA-54000 Int Charges 686,454.94
Feb 15, 2016 IDA-54000 Int Charges 1,130,108.20
Feb 15, 2015 IDA-54000 Int Charges 638,343.30
Feb 15, 2015 IDA-54000 Int Charges 1,063,905.50
Feb 15, 2015 IDA-54000 Int Charges 638,343.30
Aug 29, 2014 IDA-54000 Loan Disb 197,996,752.00
Aug 15, 2015 IDA-54000 Int Charges 1,143,966.60
Aug 15, 2015 IDA-54000 Int Charges 55,186.30
Aug 15, 2015 IDA-54000 Int Charges 55,186.30
Aug 15, 2015 IDA-54000 Int Charges 631,193.70
Aug 15, 2015 IDA-54000 Int Charges 631,193.70
Feb 15, 2020 IDA-54000 Loan Repay 2,911,377.80
Feb 15, 2020 IDA-54000 Int Charges 657,678.60
Feb 15, 2020 IDA-54000 Int Charges 657,678.60
Feb 15, 2020 IDA-54000 Int Charges 1,096,131.00
Feb 15, 2020 IDA-54000 Loan Repay 30,956.78
Aug 15, 2020 IDA-54000 Int Charges 666,585.50
Aug 15, 2020 IDA-54000 Int Charges 666,585.50
Aug 15, 2020 IDA-54000 Int Charges 1,007,472.70
Aug 15, 2020 IDA-54000 Loan Repay 56,937.12
Aug 15, 2020 IDA-54000 Loan Repay 2,976,130.20
Feb 15, 2021 IDA-54000 Int Charges 1,106,491.10
Feb 15, 2021 IDA-54000 Int Charges 105,784.43
Feb 15, 2021 IDA-54000 Loan Repay 3,099,917.80
Feb 15, 2021 IDA-54000 Int Charges 669,652.70
Feb 15, 2021 IDA-54000 Int Charges 669,652.70
Aug 15, 2019 IDA-54000 Int Charges 9,797.50
Aug 15, 2019 IDA-54000 Loan Repay 2,957,137.50
Aug 15, 2019 IDA-54000 Int Charges 1,120,127.90
Aug 15, 2019 IDA-54000 Int Charges 672,076.70
Aug 15, 2019 IDA-54000 Int Charges 672,076.70
Aug 15, 2018 IDA-54000 Int Charges 56,064.93
Aug 15, 2018 IDA-54000 Int Charges 676,472.80
Aug 15, 2018 IDA-54000 Int Charges 676,472.80
Aug 15, 2018 IDA-54000 Int Charges 1,127,454.60
Feb 15, 2019 IDA-54000 Int Charges 37,203.07
Feb 15, 2019 IDA-54000 Int Charges 37,203.07
Feb 15, 2019 IDA-54000 Int Charges 640,829.70
Feb 15, 2019 IDA-54000 Int Charges 640,829.70
Feb 15, 2019 IDA-54000 Int Charges 1,120,170.20
Feb 15, 2018 IDA-54000 Int Charges 713,250.50
Feb 15, 2018 IDA-54000 Int Charges 713,250.50
Feb 15, 2018 IDA-54000 Int Charges 1,129,637.80
Feb 15, 2018 IDA-54000 Int Charges 34,258.08
Aug 19, 2024 IDA-54000 Int Charges 836,274.75
Aug 19, 2024 IDA-54000 Loan Repay 2,827,119.80
Aug 19, 2024 IDA-54000 Int Charges 547,656.56
Aug 19, 2024 IDA-54000 Int Charges 547,656.56
Aug 15, 2024 IDA-54000 Loan Repay 58,617.35
Feb 15, 2024 IDA-54000 Loan Repay 7,523.34
Feb 15, 2024 IDA-54000 Loan Repay 2,838,656.20
Feb 15, 2024 IDA-54000 Int Charges 550,800.44
Feb 15, 2024 IDA-54000 Int Charges 550,800.44
Feb 15, 2024 IDA-54000 Int Charges 918,000.70
Mar 27, 2014 IDA-54000 Loan Commitment 200,000,000.00
Feb 15, 2023 IDA-54000 Loan Repay 38,139.40
Feb 15, 2023 IDA-54000 Loan Repay 2,839,367.50
Feb 15, 2023 IDA-54000 Int Charges 578,444.25
Feb 15, 2023 IDA-54000 Int Charges 578,444.25
Feb 15, 2023 IDA-54000 Int Charges 942,360.00
Aug 15, 2023 IDA-54000 Int Charges 21,632.11
Aug 15, 2023 IDA-54000 Loan Repay 2,866,684.20
Aug 15, 2023 IDA-54000 Int Charges 565,518.60
Aug 15, 2023 IDA-54000 Int Charges 565,518.60
Aug 15, 2023 IDA-54000 Int Charges 942,531.06
Aug 15, 2021 IDA-54000 Int Charges 9,460.71
Aug 15, 2021 IDA-54000 Loan Repay 3,056,025.00
Aug 15, 2021 IDA-54000 Int Charges 648,710.75
Aug 15, 2021 IDA-54000 Int Charges 648,710.75
Aug 15, 2021 IDA-54000 Int Charges 1,081,184.60
Feb 15, 2022 IDA-54000 Int Charges 1,033,099.10
Feb 15, 2022 IDA-54000 Loan Repay 2,950,507.20
Feb 15, 2022 IDA-54000 Int Charges 628,497.40
Feb 15, 2022 IDA-54000 Int Charges 628,497.40
Feb 15, 2022 IDA-54000 Loan Repay 63,540.02
Aug 15, 2022 IDA-54000 Loan Repay 2,840,951.00
Aug 15, 2022 IDA-54000 Int Charges 581,749.30
Aug 15, 2022 IDA-54000 Int Charges 581,749.30
Aug 15, 2022 IDA-54000 Int Charges 969,582.20
Aug 15, 2022 IDA-54000 Int Charges 13,569.69

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Program Management Satisfactory 2014-11-18
Monitoring and Evaluation Moderately Satisfactory 2014-11-18
Progress towards achievement of PDO Satisfactory 2014-11-18
Overall Implementation Progress (IP) Moderately Satisfactory 2014-11-18

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2018
OutcomesModerately Unsatisfactory
Risk to Development OutcomeModest
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencyModerately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-30-2019PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeSubstantialN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately UnsatisfactoryN/a
Implementing AgencyModerately SatisfactoryN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Fiscal deficit to GDPValue0.601.203.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    CommentThe expected deficit in 2014 as of October is also close to 1.2%The 3% target is an upper bound. The deficit needs to be lower than this.
  • Wage bill (including pensions) to budgetary expenditure ratioValue18.0020.000.00
    DateDecember 31, 2009October 8, 2014
    Comment
  • Revenue from land use charge collectionValue3.007.108.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    CommentBillion NairaFor the first three quarters of 2014, collection is at 6.6 billion Naira. They should reach about 7.5-8 billion for the year.
  • IGR as a share of approved budget collection targetValue73.0080.0080.00
    DateDecember 31, 2009October 15, 2014December 31, 2015
    CommentThis is a measure of greater budget realism for IGR collection.
  • Capital Budget Execution RateValue70.0078.0075.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    CommentPercentage of budgeted capital expenditures executed during the year
  • Share of Budgetary Expenditure Devoted to EducationValue13.0015.0013.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    CommentThe 13% target is a minimum. The share of expenditures devoted to education is to be greater than 13.
  • Contracts Greater than N100 Milllion Using Standard Bidding DocumentsValue0.00100.00100.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    CommentStandard bidding documents implemented for all MDAs as of January, 2014
  • Percentage of MDA procurement specialists trained and certifiedValue0.008.0020.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    CommentEstimate subject to confirmation
  • Number of Organizations Audited by Auditor General's OfficeValue54.0096.00110.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    CommentEstimate still subject to confirmation
  • Coverage of budget by Auditor General's OfficeValue60.0067.0069.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    Comment% of budgeted resources subject to external audit
  • Number of MDAs Having Uploaded Needed Information into GIS SystemValue0.000.002.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    CommentUploading this information is a key step to the creation of an interactive Land Information System in Lagos State
  • GIS Mapping Created With OrthophotosValueNoYesYes
    DateDecember 31, 2009December 31, 2013December 31, 2015
    Comment
  • Payroll Expenditures Automatically Defaulting to Respective AccountsValueNoNoYes
    DateDecember 31, 2009December 31, 2013December 31, 2015
    Comment
  • Total Number of e-CofOs issuedValue0.002500.003600.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    Comment
  • Cost of Registering Land as a Percentage of Property ValueValue21.0021.0014.00
    DateDecember 31, 2009October 8, 2014December 31, 2015
    Comment
  • Number of e-approvals for Development Permits Issued in Lagos StateValue0.000.00100.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    Comment
  • Debt Service to RevenueValue21.0027.0030.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    CommentLagos State official number plus interest paid on bonds from sinking funds This target is an upper bound. Debt service inrevenueshould be less than 30%
  • Information on Contract Awards is Readily Available in the Public DomainValueNoYes
    Date
    CommentPublished on Internet and hard copy
  • Oracle Generated Budget Execution Reports Including Commitments and ObligationsValueNoNoYes
    DateOctober 31, 2013October 15, 2014October 31, 2015
    Comment
  • Percentage of Contracts Subject ot Post-Procurement ReviewValue0.000.005.00
    DateDecember 31, 2009December 31, 2013December 31, 2015
    CommentThis is a target percentage of contracts under the threshold of N100 million. All large contracts are reviewed.
  • Cash Flow Forecasts Prepared on a Quarterly BasisValueNoNoYes
    DateDecember 31, 2009December 31, 2013December 31, 2015
    Comment