As the National Assembly reconvenes today, Tuesday, Senate Leader, Opeyemi Bamidele has announced that both chambers are anticipating the presentation of the 2025 budget, along with the new Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper from President Bola Tinubu.
In a statement signed personally by Bamidele, he emphasized the critical importance of the MTEF, stating, “The consideration of MTEF occupies a prime place on the rung of our legislative agenda. This is simply because MTEF must be ready before the 2025 Appropriation Bill can be laid before the National Assembly.”
The MTEF is a legal framework providing the budget template and is typically submitted to Parliament before the President’s budget presentation.
The Senate and House of Representatives embarked on their annual recess on July 17 and are set to resume plenary activities today.
Bamidele also highlighted the ongoing efforts to review the 1999 Constitution, which began with the inauguration of a dedicated committee.
He noted that the committee, chaired by Deputy Senate President, Jibrin Barau, will hold retreats, strategy sessions, and zonal meetings to gather input on the constitution’s proposed amendment sections.
“This exercise promises a truly federative approach that will redefine and reinvent public governance in this country,” he added.
Additionally, Bamidele indicated that a joint committee would be inaugurated to investigate allegations of oil theft, addressing a pressing issue that had previously been managed by separate ad hoc committees in the Senate and House of Representatives.
Bamidele said, “As we return fully to the parliamentary sessions on Tuesday this week, the National Assembly will, without ambiguity, revisit its decision to decisively address challenges in the petroleum industry.
“The industry is not optimal in its performance. This may not be unconnected to crude oil theft, endless turnaround maintenance of public refineries, importation of substandard petroleum products, and fuel supply disruption, among others.
“Contrary to some media reports, the Senate never suspended its Ad Hoc Committee to Investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry, but postponed its public hearing due to the need to address issues that border on the Rules of the National Assembly.”
He said both chambers of the National Assembly would resolve the issues and possibly constitute a joint committee that would continue the investigation from where the ad hoc committee stopped.
The lawmaker noted, “We are committed to unearthing the roots of economic sabotage in the petroleum industry in the national interest and developing institutional mechanisms to make the industry more efficient and functional.”
Bamidele’s explanation was reinforced by the spokesman for the House, Akin Rotimi, in a separate statement on Monday.
Rotimi listed the critical issues for consideration as the Reps resume, such as the 2025 appropriation bill, the constitution review exercise, and electoral reforms.
He said, “With the 2024 fiscal year coming to a close, the House eagerly anticipates receiving the 2025 Appropriation bill soon. Timely submission from the executive is crucial, as it facilitates thorough scrutiny and public input through town hall meetings, a practice pioneered by the House during the 2024 budget review.
“The House is firmly committed to maintaining the January-December budget cycle and anticipates cooperation from the executive in this regard.
“Honourable members will actively debate and pursue legislative action on pressing challenges faced by Nigerians, particularly those related to the recent flooding in Maiduguri, the spate of insecurity in the country, and the economy. These issues, among others of urgent national importance, will be prioritised as we respond to the needs of our constituencies.”
Rotimi, who represents Ikole/Oye Federal Constituency, Ekiti State, also noted that proposed laws captured in the legislative agenda would be deliberated upon, given their significance to Nigerians’ quest for good governance.
“Bills and motions aligned with our commitments in the legislative agenda will receive prioritisation and fast-tracking, particularly because they will serve as indicators by which Nigerians assess the 10th Assembly at the upcoming mid-term in June 2025,” he added.
The statement further highlighted the importance of amending the 1999 Constitution, saying, “The constitutional review process serves as the bedrock of our democracy, embodying our collective aspirations for a just society. The House reaffirms the December 2025 deadline to arrive at definitive outcomes for the Sixth Alteration to the 1999 Constitution (as amended).
“The House Committee on Constitution Review, chaired by the Deputy Speaker, Benjamin Kalu, will intensify efforts to address pressing issues and align our laws with the needs of the public.”
He added that the committee received “About 305 memoranda from the public and about 150 constitution alteration bills from honourable members, reflecting significant public engagement and concern. These bills will be given accelerated consideration.”