The Federal Government has launched a clampdown on the rising use of imprest and cash advances after fresh data revealed that over N2.27bn was disbursed under these two expenditure categories in 2024 alone. This figure is a more than 308 per cent increase from the N556.3m recorded in 2023.
According to data obtained, a public finance monitoring platform operated by BudgIT, shows that N1.19bn was released for imprest and another N1.08bn for cash advances in 2024.
This likely prompted new financial directives from the Office of the Accountant-General of the Federation over the weekend.