FG Tightens Control Of Public Funds With New Imprest Limits
By OLUWAROTIMI SOLOMON ROBINSON-EBOSELE
Federal Government Introduces New Fiscal Controls
THE Federal Government has unveiled new measures aimed at strengthening accountability and prudent financial management across Ministries, Departments and Agencies (MDAs), introducing stricter limits on reimbursable imprest and reinforcing oversight mechanisms for public spending.
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 government officials, the measures form part of ongoing efforts to improve transparency, reduce waste and ensure that public resources are managed more efficiently across the three arms of government.
New Spending Thresholds Announced
The circular, dated 3 June 2026, and signed by the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi, authorises accounting officers to approve imprest funds for eligible public officials within clearly defined limits.
Under the new arrangement, ministers are entitled to a maximum reimbursable imprest of ₦700,000, while permanent secretaries and directors-general can access up to ₦500,000.
Directors and heads of departments are limited to ₦300,000, while heads of formations in states and other authorised imprest holders are restricted to a ceiling of ₦100,000.
The government noted that the revised thresholds are intended to promote greater financial discipline and ensure that imprest funds are utilised strictly for approved official purposes.
Push for Greater Accountability
Financial experts say the new limits reflect the government’s determination to tighten expenditure controls at a time when public institutions are under increasing pressure to demonstrate accountability and prudent use of public funds.
By establishing clear spending ceilings, authorities hope to minimise abuse, improve record keeping and strengthen internal control systems across government institutions.
The directive also places greater responsibility on accounting officers to ensure strict compliance with existing financial regulations and reporting procedures.
Part of Broader Reform Agenda
The latest policy is seen as part of broader fiscal reforms being implemented by the Federal Government to improve public sector governance and enhance confidence in government financial management.
Observers note that stronger controls over imprest spending could contribute to reducing leakages and improving efficiency within the public service.
As implementation begins, government agencies are expected to align their expenditure practices with the new guidelines while ensuring that all imprest transactions remain transparent and properly documented.
