The ratification of the Act which seeks to expand membership eligibility criteria and define the powers of the Council and for related matters was held at the Radisson Hotel, Ikeja Lagos in a hybrid session where some of the participants were virtual.

Speaking at the event, Mr. Idorenyen Enang, President and Chairman of Council, NIMN stated that the adjustments proposed to the Act were necessary to update it in line with current realities and to explicitly define the powers of the Council which is vital for effective leadership as it will empower it to make regulations that will reposition the Institute for growth.

He said: “there are fundamental laws that govern anybody and for us the Act is that particular document that gives us the impetus to exist as an Institute. From the time it was promulgated, it has never been amended. Like every other thing, time evolves. There are so many other actions that we would have been able to take as regard clarity and work we need to do. For example, in the powers of the Council in the previous Act, you did not find a listing. The powers of the Council now numerated, allows the Council put out regulations and bye- laws that will help us govern better.

“it’s been a lengthy and long one but I am glad that we are here now. This is a milestone that the members now have a feeling of inclusivity and with this we can now approach the National Assembly to take it further and after that we will wait for the process which will be the passage. Hopefully, the President will give consent before his administration runs out and when that happens, the institute will have the firepower to do things differently” he added.

According to him, the review of the NIMN Act  had gone through a rigorous and painstaking process where distinguished Fellows and members worked tirelessly to examine every section of the document to reflect current trends and address certain constraints on the powers of the Council.

The NIMN President who appreciated members for their continued support and for the confidence reposed in him, assured that the Institute is set to witness a dynamic shift which will revitalize the marketing profession in Nigeria.

He urged them to remain committed to the vision by contributing to the growth and development of the Institute.

NIMN which was established by Act 25 of 2003 recognizes the Institute as the sole body for the regulation and control of the marketing profession in Nigeria. The Act empowers the Council to make rules and regulations for the professional practice and conduct of marketing professionals, in addition to determining the standard of knowledge and skills required for recognition of marketing professionals.