Known colloquially as BCD, the Bureau de Change in Lagos is a non-profit, public sector non-profit organization which manages the collection, storage and disposal of money in Lagos and other Nigeria cities. Bureau de change in Lagos was established as an inter-governmental agency for the benefit of citizens living in Lagos State, acting on their behalf as representatives of the people. BCD works to empower, promote and assist individuals and community organizations in various aspects of public and private sectors. The scope of Bureau de change in Lagos includes property inventory, credit management, registration, credit applications and procurement of funds. Apart from this, it also provides assistance to victims of natural disasters, widows of widows, orphans of orphans and children.
The primary objective of the Bureau de change in Lagos is to coordinate and integrate its activities with other government agencies and stakeholders. Its interdepartmental strategic planning process and decision-making process to assist in identifying the most suited projects for each area. The strategic plan, thereafter, establishes realistic targets, monitoring strategies, program evaluation criteria, program management policies and procedures and other key objectives. The overall effect of the project on the Lagos State government and the beneficiaries is also determined by the Bureau de change in Lagos. The key beneficiaries of the Bureau de change in Lagos are the businesses and organizations and the people involved in the execution of projects. Other than these, the Bureau de change in Lagos is also effective in serving vulnerable groups and offering services to these groups.
Bureau de change in Lagos functions as an extension of the government. Every project that is undertaken by BCD results in a paperless system where paper files are physically replaced with computer records. These records, in turn, are then stored in computers or in other electronic devices. The major areas of application of the BCD method include projects management, budgeting, communications, human resource management, procurement, policy analysis, quality management and data warehousing. The Bureau de change in Lagos is in charge of implementing changes that meet the requirements of the citizens of Lagos State government and other beneficiaries of the projects undertaken by BCD. Their primary responsibility is to ensure that all activities conform to federal, state and local laws, while ensuring that the goals set forth by the government are achieved.
The primary goal of BCD is to ensure that the projects implemented yield positive results and create an improvement in various areas. If the project fails to meet the goals, review and implementation plans are drawn up to follow a process wherein corrective measures will be implemented and maintained. This helps avoid repetition of similar projects. It also allows for better planning and tracking of the progress of government projects.
BCD in Lagos has evolved as one of the most powerful planning mechanisms adopted by governments and businesses in Nigeria. Its purpose is to ensure that the projects conducted by government bodies are cost-effective and successful in delivery. The planning and execution of projects thus facilitate smooth government functioning. In addition, it helps prioritize and distribute projects among various stakeholders, thus facilitating growth and development in every sector of the economy.
Although, BCD is primarily a financial and managerial tool, it also involves the use of resources and human capital. In other words, the success of a project largely hinges on its ability to obtain needed resources, such as project management staff, skilled labor, and project managers. This means that BCD in Lagos requires proper planning, effective implementation, and monitoring to ensure project success.
One way of ensuring that the Bureau de Change in Lagos enforces proper planning and project delivery is by assigning a project manager to each project. The project manager is charged with the responsibility of ensuring that the project meets its objectives and targets. He or she is also in charge of managing resources, developing project implementation strategies, monitoring implementation progress, and reviewing project performance. A project manager plays a key role in ensuring that the resources allocated are utilized efficiently. He or she may, for example, require additional staff for procurement, supply chain, technical support, and customer service.
Implementation of project plans will be managed by project managers designated by the Bureau de Change in Lagos. These project managers will ensure that the process is completed within the budget and timeline specified. They are also responsible for overseeing the entire project management process and reporting regularly to the project manager. Project delivery can only be successful if the right plans are implemented, monitored, and followed.
