JUST IN: FG CUTS MINISTERS’ IMPREST TO ₦700,000 IN NEW SPENDING CONTROL MEASURES

FG CUTS MINISTERS’ IMPREST TO ₦700,000 IN NEW SPENDING CONTROL MEASURES


The Federal Government has introduced stricter financial control measures across Ministries, Departments, and Agencies (MDAs), including a reduction in the maximum reimbursable imprest available to ministers to ₦700,000.

The new directives are contained in the 2026 Annual General Imprest Warrant signed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and communicated through a Federal Treasury Circular issued by the Office of the Accountant-General of the Federation.

According to the circular dated June 3, 2026, ministers will now be entitled to a maximum reimbursable imprest of ₦700,000, while permanent secretaries and directors-general will have a limit of ₦500,000. Directors and heads of departments are capped at ₦300,000, while heads of formations and other authorized imprest holders will be limited to ₦100,000.

The Office of the Accountant-General stated that the policy is aimed at strengthening accountability, transparency, and prudent management of public resources in line with existing financial regulations.

Under the new framework, the frequency of imprest reimbursement has also been restricted. Government officials will generally be allowed to obtain reimbursements once per quarter, with a maximum of two reimbursements permitted within a quarter when necessary.

The government further directed that all procurements exceeding ₦1 million must be processed through formal contract awards in accordance with the Public Procurement Act and other applicable regulations.

To improve monitoring and compliance, all self-accounting ministries, departments, and agencies have been instructed to submit reports detailing the retirement of their 2025 imprest allocations, as well as lists of approved imprest holders for 2026.

The circular also mandates imprest holders to operate dedicated bank accounts for official transactions in compliance with the Federal Government's electronic payment policy. Monthly reports showing deposits and retirement of funds must be submitted to the Office of the Accountant-General.

The Accountant-General warned that routine inspections would be conducted by the Treasury Inspectorate Department and that violations of the new regulations could attract sanctions.

According to the directive, any breach of the rules governing imprest accounts may result in the withdrawal of the authority to issue imprest and other disciplinary measures.

The latest policy forms part of ongoing public financial management reforms by the Federal Government aimed at improving transparency, reducing misuse of public funds, and strengthening oversight of government expenditures.

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