HomeBusinessFG caps ministers’ imprest at N700,000, tightens oversight

FG caps ministers’ imprest at N700,000, tightens oversight

The federal government has introduced stricter controls on the use of imprest funds across ministries, departments and agencies (MDAs), capping reimbursable cash advances for ministers at N700,000 and imposing tighter reporting and compliance requirements as part of efforts to strengthen fiscal discipline.

The measures are contained in the 2026 Annual General Imprest Warrant signed by Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, and communicated through a treasury circular issued by the Office of the Accountant-General of the Federation on June 3.

The fresh move is part of a broader push to strengthen oversight of government spending after years of concerns raised by auditors and oversight bodies over weak controls, delayed retirement of cash advances and the misuse of public funds through imprest accounts.

Under the new framework, ministers will be eligible for a maximum reimbursable imprest of N700,000, while permanent secretaries and directors-general will be limited

This post was originally published on this site.

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