Third Lagos State Development Policy Operation

Abstract*

The Lagos State Development Policy Program consists of a series of two programmatic operations (second and third lagos state development policy operation) that supports the Lagos State Government (LASG) in its endeavor to improve public finances and the investment climate in support of sustained rapid growth and poverty reduction in a fiscally sustainable manner. The program encompasses four pillars of the development policy operation (DPO): (a) fiscal... Show More

Development Objective

To support the Lagos State Government in its endeavor to improve public finances and the investment climate, which is expected to contribute to sustained rapid economic growth and poverty reduction in a fiscally sustainable manner. The operation has four pillars: (a) Fiscal Sustainability, (b) Budget Planning and Preparation, (c) Budget Execution, and (d) Investment Climate.

Key Details

Project Details

Project ID
P151947
Status
Closed
Team Leader
Jariya Hoffman
Borrower 2
Federal Ministry of Finance

Country
Nigeria
Disclosure Date
December 11, 2014
Approval Date
(as of board presentation)
June 26, 2015
Effective Date
March 8, 2016

Total Project Cost 1
US$ 200.00 million
Implementing Agency
Lagos Ministry of Finance
Region
Western and Central Africa
Fiscal Year 3
2015

Commitment Amount
US$ 200.00 million
Environmental Category
N/A
Last Update Date
August 31, 2023
Closing Date
December 31, 2016

Last Stage Reached
BANK APPROVED
Parent Projects
P123352

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy8%
- FY17 - Fiscal sustainability8%

FY17 - Private Sector Development

FY17 - Business Enabling Environment15%
- FY17 - Regulation and Competition Policy15%

FY17 - Public Sector Management

FY17 - Public Administration35%
- FY17 - Transparency, Accountability and Good Governance35%
FY17 - Public Finance Management43%
- FY17 - Debt Management8%
- FY17 - Public Expenditure Management35%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 15, 2018	IDA-56700	Int Charges	738,206.10
Aug 15, 2018	IDA-56700	Int Charges	738,206.10
Aug 15, 2018	IDA-56700	Int Charges	1,230,343.60
Feb 15, 2019	IDA-56700	Int Charges	40,598.15
Feb 15, 2019	IDA-56700	Int Charges	40,598.15
Feb 15, 2019	IDA-56700	Int Charges	699,310.25
Feb 15, 2019	IDA-56700	Int Charges	699,310.25
Feb 15, 2019	IDA-56700	Int Charges	1,222,394.40
Mar 24, 2016	IDA-56700	Loan Disb	198,623,760.00
Feb 15, 2017	IDA-56700	Int Charges	11,860.23
Feb 15, 2017	IDA-56700	Int Charges	11,860.23
Feb 15, 2017	IDA-56700	Int Charges	708,485.50
Feb 15, 2017	IDA-56700	Int Charges	708,485.50
Feb 15, 2017	IDA-56700	Int Charges	1,186,161.20
Aug 15, 2016	IDA-56700	Int Charges	583,357.00
Aug 15, 2016	IDA-56700	Int Charges	583,357.00
Aug 15, 2016	IDA-56700	Int Charges	972,261.70
Jun 26, 2015	IDA-56700	Loan Commitment	200,000,000.00
Aug 19, 2024	IDA-56700	Loan Repay	3,084,270.80
Aug 19, 2024	IDA-56700	Int Charges	621,253.50
Aug 19, 2024	IDA-56700	Int Charges	621,253.50
Aug 19, 2024	IDA-56700	Int Charges	950,847.94
Aug 15, 2024	IDA-56700	Loan Repay	64,810.49
Feb 15, 2024	IDA-56700	Int Charges	1,040,599.25
Feb 15, 2024	IDA-56700	Loan Repay	3,097,597.80
Feb 15, 2024	IDA-56700	Loan Repay	8,317.50
Feb 15, 2024	IDA-56700	Int Charges	624,359.56
Feb 15, 2024	IDA-56700	Int Charges	624,359.56
Feb 15, 2023	IDA-56700	Int Charges	654,782.50
Feb 15, 2023	IDA-56700	Int Charges	654,782.50
Feb 15, 2023	IDA-56700	Int Charges	1,067,300.40
Feb 15, 2023	IDA-56700	Loan Repay	42,158.31
Feb 15, 2023	IDA-56700	Loan Repay	3,097,943.00
Aug 15, 2023	IDA-56700	Int Charges	640,588.70
Aug 15, 2023	IDA-56700	Int Charges	23,913.55
Aug 15, 2023	IDA-56700	Loan Repay	3,128,291.20
Aug 15, 2023	IDA-56700	Int Charges	1,067,647.90
Aug 15, 2023	IDA-56700	Int Charges	640,588.70
Aug 15, 2022	IDA-56700	Loan Repay	3,100,209.80
Aug 15, 2022	IDA-56700	Int Charges	658,089.94
Aug 15, 2022	IDA-56700	Int Charges	658,089.94
Aug 15, 2022	IDA-56700	Int Charges	1,096,816.60
Aug 15, 2021	IDA-56700	Int Charges	10,455.07
Aug 15, 2021	IDA-56700	Loan Repay	3,334,910.80
Aug 15, 2021	IDA-56700	Int Charges	732,922.44
Aug 15, 2021	IDA-56700	Int Charges	732,922.44
Aug 15, 2021	IDA-56700	Int Charges	1,221,537.40
Feb 15, 2022	IDA-56700	Int Charges	710,520.80
Feb 15, 2022	IDA-56700	Int Charges	710,520.80
Feb 15, 2022	IDA-56700	Int Charges	1,168,289.20
Feb 15, 2022	IDA-56700	Loan Repay	3,218,878.20
Feb 15, 2022	IDA-56700	Loan Repay	70,224.04
Aug 15, 2022	IDA-56700	Int Charges	14,998.36
Aug 15, 2020	IDA-56700	Loan Repay	23,593.35
Aug 15, 2020	IDA-56700	Loan Repay	3,286,264.80
Aug 15, 2020	IDA-56700	Int Charges	752,240.50
Aug 15, 2020	IDA-56700	Int Charges	752,240.50
Aug 15, 2020	IDA-56700	Int Charges	1,139,361.20
Feb 15, 2021	IDA-56700	Int Charges	116,893.75
Feb 15, 2021	IDA-56700	Loan Repay	3,382,809.00
Feb 15, 2021	IDA-56700	Int Charges	756,134.70
Feb 15, 2021	IDA-56700	Int Charges	756,134.70
Feb 15, 2021	IDA-56700	Int Charges	1,249,619.20
Aug 15, 2019	IDA-56700	Int Charges	10,691.59
Aug 15, 2019	IDA-56700	Int Charges	733,408.90
Aug 15, 2019	IDA-56700	Int Charges	733,408.90
Aug 15, 2019	IDA-56700	Int Charges	1,222,348.10
Feb 15, 2020	IDA-56700	Int Charges	12,791.18
Feb 15, 2020	IDA-56700	Int Charges	12,791.18
Feb 15, 2020	IDA-56700	Int Charges	716,946.30
Feb 15, 2020	IDA-56700	Int Charges	716,946.30
Feb 15, 2020	IDA-56700	Int Charges	1,216,229.20
Aug 15, 2017	IDA-56700	Int Charges	15,028.47
Aug 15, 2017	IDA-56700	Int Charges	1,215,599.50
Aug 15, 2017	IDA-56700	Int Charges	751,002.50
Aug 15, 2017	IDA-56700	Int Charges	751,002.50
Feb 15, 2018	IDA-56700	Int Charges	1,232,726.00
Feb 15, 2018	IDA-56700	Int Charges	37,384.41
Feb 15, 2018	IDA-56700	Int Charges	778,340.06
Feb 15, 2018	IDA-56700	Int Charges	778,340.06
Aug 15, 2018	IDA-56700	Int Charges	61,181.28

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Moderately Satisfactory	2016-07-08
Monitoring and Evaluation	Moderately Satisfactory	2016-07-08
Overall Implementation Progress (IP)	Satisfactory	2016-07-08
Progress towards achievement of PDO	Moderately Satisfactory	2016-07-08

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2018
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Moderately Satisfactory
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-30-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Substantial	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Fiscal deficit to GDP (below 3 percent of GDP) Value Fiscal deficit 0.38% of GDP Fiscal surplus 0.09% of GDP Deficit not exceeding 3% of GDP
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Enhanced transparency in reporting fiscal risks to the budget Value No Yes Yes
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Revenue from land use charge Value N7.1 billions of Naira 6.6 billions of Naira 8.0 billions of Naira
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment

Share of Budgetary Expenditure devoted to Education and Health	Value	13% and 9% respectively	17.1% and 9.8% respectively	Maintain the respective shares at 13% and 9%.
	Date	December 31, 2013	January 31, 2016	December 31, 2015
	Comment

Contracts Greater than N100 Milllion Using Standard Bidding Documents Value 0% Below 100% 100%
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Average overall reduction in time scale of procurement implementation from bidding to contract award Value 173 days Not available 138 days
Date December 31, 2013 October 8, 2014 December 31, 2015
Comment
Improved scope of audit by Lagos Auditor General as measured by the number of Organizations audited Value 99.00 141.00 110.00
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Coverage of budget by Auditor General's Office Value 67.00 91.70 69.00
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
GIS Mapping Created With Orthophotos Value Yes Yes Yes
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Total Number of e-CofOs issued Value 0.00 5625.00 3600.00
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Cost of Registering Land as a Percentage of Property Value Value 20.80 10.10 14.00
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
An operation e-PP system including disaggregated gender data that regularly issues planning permits in Lagos State Value No Yes Yes
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment
Debt Service to Revenue (Below 30 percent of total revenue) Value 19.3% of total revenue 32.8% of total revenue Below 30% of total revenue
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment

Improved cash management in budget implementation in 8 selected MDAs through monitoring of expenditure commitment ands obligations	Value	No	Yes	Yes
	Date	December 31, 2015	December 31, 2015	October 31, 2015
	Comment

Percentage of Contracts Subject ot Post-Procurement Review Value 0.00 0.00 5.00
Date December 31, 2013 March 31, 2016 December 31, 2015
Comment
Real time reporting of payroll expenditure in teh state's monthly financial statments Value No Yes Yes
Date December 31, 2013 December 31, 2015 December 31, 2015
Comment

Fiscal deficit to GDP (below 3 percent of GDP)	Value	Fiscal deficit 0.38% of GDP	Fiscal surplus 0.09% of GDP	Deficit not exceeding 3% of GDP
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Revenue from land use charge	Value	N7.1 billions of Naira	6.6 billions of Naira	8.0 billions of Naira
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Contracts Greater than N100 Milllion Using Standard Bidding Documents	Value	0%	Below 100%	100%
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Average overall reduction in time scale of procurement implementation from bidding to contract award	Value	173 days	Not available	138 days
	Date	December 31, 2013	October 8, 2014	December 31, 2015
	Comment

Improved scope of audit by Lagos Auditor General as measured by the number of Organizations audited	Value	99.00	141.00	110.00
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Coverage of budget by Auditor General's Office	Value	67.00	91.70	69.00
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

GIS Mapping Created With Orthophotos	Value	Yes	Yes	Yes
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Total Number of e-CofOs issued	Value	0.00	5625.00	3600.00
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Cost of Registering Land as a Percentage of Property Value	Value	20.80	10.10	14.00
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment

Debt Service to Revenue (Below 30 percent of total revenue)	Value	19.3% of total revenue	32.8% of total revenue	Below 30% of total revenue
	Date	December 31, 2013	December 31, 2015	December 31, 2015
	Comment