Politics
Institute Woos nass Over Chartered Status Bill
As part of measures to consolidate its professionalism and strength, the Institute of Strategic Management, Nigeria (ISMN), says it is presently interfacing with the National Assembly to ensure that the bill that will make the body chartered is passed into law.
First National Vice President, Alex Ndudi Enebeli stated this during a chat with The Tide at the sidelines of the inauguration of the Local Organizing Committee (LOC) for the forth-coming Annual National Conference/General Meeting of the ISMN scheduled between 29th and 31st of July, 2020 in Port Harcourt, Rivers State.
Enebeli described Port Harcourt as the artery of the institute in view of the chapter’s commitment and membership strength, noting that the national executive of the body is expecting her to give its best as host for this year’s national conference.
“Don’t forget that the national is interfacing with the National Assembly in Abuja. You know you build followership by leadership. Without Port Harcourt chapter ISMN will be without leg or hand.
“It is because of your support that ISMN is very proud. I am looking forward to what ISMN wants to do in the future, particularly with the National Assembly and the Presidency. It is with the key input of the Port Harcourt chapter.
“The charter status of the institute is what is on-going at the National Assembly. The previous Assembly did not complete the process. So this current Assembly is continuing the process and this process involves a lot of logistics and coordination.
“We are in both Houses of the National Assembly because for a bill to go through, this bill is the Charted State of the Institute. We lost time because of the previous Assembly that didn’t conclude it. So we are beginning afresh,” he said.
On the importance of the bill to the institute, Enebeli said, “That is the height of it all. An institute becomes chartered when it has all the backing by law. So we want to take the process to its completion within this current Assembly because we don’t want to lose time anymore.”
He further said, “This chapter if you rate participation of our members in any national programme, this chapter usually produce at least 25 per cent. The Rivers State chapter produces at least 25 per cent of participants in other cities programme. So in our own city programme, in Port Harcourt for this year’s AGM, the National President is looking for almost a 100 per cent participation.
Dennis Naku
The Senate yesterday received the 2026-2028 Medium Term Expenditure Framework and Fiscal Strategy Paper from President Bola Tinubu, marking the formal launch of the 2026 federal budget cycle.
In a letter addressed to the upper chamber, Tinubu said the submission complies with statutory requirements and sets out the fiscal parameters that will guide the preparation of the 2026 Appropriation Bill.
He explained that the MTEF/FSP outlines the macroeconomic assumptions, revenue projections, and spending priorities that will shape Nigeria’s fiscal direction over the next three years.
The letter was read during plenary by the Deputy President of the Senate, Senator Barau Jibrin (APC, Kano North), who urged lawmakers to expedite consideration of the document.
“It is with pleasure that I forward the 2026 to 2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper for the kind consideration and approval of the Senate.
“The 2026 to 2028 MTEF and FSP were approved during the Federal Executive Council meeting of December 3, 2025, and the 2026 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions therein,” the President stated.
Last week, the Federal Executive Council approved the fiscal projections, pegging the oil benchmark price at $64.85 per barrel and adopting a budget exchange rate of ?1,512/$1 for 2026—figures expected to significantly shape revenue forecasts and expenditure planning.
After reading the President’s letter, Jibrin referred the document to the Senate Committee on Finance, chaired by Senator Sani Musa (APC, Niger East), with a directive to submit its report by Wednesday, December 17.
The Senate adjourned shortly after to allow committees to commence scrutiny of the fiscal framework and continue the ongoing screening of ambassadorial nominees.
Tinubu’s communication to the Senate came less than 24 hours after he transmitted the same MTEF/FSP documents to the leadership of the House of Representatives.
The letter was read on the House floor by the Deputy Speaker, House of Representatives, Benjamin Kalu, who also urged timely legislative action as required by law.
The MTEF and FSP are statutory instruments mandated by the Fiscal Responsibility Act and serve as the blueprint for Nigeria’s annual budgets.
They outline the government’s fiscal stance, macroeconomic assumptions, revenue frameworks, projected deficits, and sectoral priorities over a three-year period.
The Tide reports that approval by the National Assembly is a prerequisite for the executive to present the Appropriation Bill for the next fiscal year.
In a statement on Saturday, the former Senate Leader stated that the allocation of nominees across states and geopolitical zones falls short of the constitutional requirement for fair representation in the composition of the Federal Government.
The ex-Senate Whip warned that allowing the list to pass could deepen ethnic suspicion at a time when the administration should be consolidating national unity.
He highlighted disparities in the spread of nominees, noting that while some states have three or four slots, others have none. He also cited the inclusion of Senator Adamu Garba Talba from Yobe, who reportedly died in July.
“The entire North-East states have seven nominees in the list. Further checks revealed that the South-West geo-political zone has 15 nominees, while North-West and South-East have 13 and 9, respectively.
“North-Central region has 10 nominees in the list of career and non-career ambassadorial nominee while South-South parades 12 nominees,” Senator Ndume said.
According to him, such imbalances could heighten tensions and undermine Section 14(3) of the Constitution.
“My sincere appeal to President Tinubu is to withdraw this list. At this critical juncture in his administration, he should avoid missteps that could undermine national unity and foster ethnic distrust.
“I know him to be a cosmopolitan leader who is at home with every segment and stakeholder in the country. He should withdraw that list and present a fresh set of nominees that will align with the spirit of the Constitution on the Federal Character Principle,” Senator Ndume added.
He accused the legislators of undermining the sanctity of the legislature and acting as instruments of destabilization.
“The members of the Rivers State House of Assembly have, by their actions since they assumed office, shown that they are political puppets and a clog in the wheels of democratic progress,” Comrade Ememobong stated, adding that “They will go down in history as enemies of democracy and those who made mockery of the legislature.”
“So the easiest way to describe their action is a defection from APC to APC,” he said.
Comrade Ememobong announced that the party would deploy constitutional provisions to reclaim its mandate from those who have “ignobly and surreptitiously” abandoned the platform on which they were elected.
“Consequently, the PDP will take legal steps to activate the provision of the Constitution of the Federal Republic of Nigeria (1999 as amended) to recover the mandate gained under the banner of our party which these people have now switched to another platform,” he said.
He urged party members in Rivers State to remain calm and steadfast.
“We urge all party members in Rivers State to remain faithful and resolute, as efforts are underway to rebuild the party along the path of inclusiveness, fairness and equity,” Comrade Ememobong assured.
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