Bismarck Rewane, who is a member of the Economic Advisory Council, made this disclosure at the Capital Market Solicitors Association (“CMSA”) End of Year Event, which held in Lagos recently.
According to Bismarck, the outlook for the year 2020 would include some challenges for the consumer such as tax increases by the government, higher inflation rate due to the border closure as well as challenges for the government in terms of a high possibility of more FOREX restrictions and increased borrowing to meet the revenue shortage.
“To make a headway despite these challenges, there must be an intervention outside market forces and the government must play an active role in ensuring a better economy and this would only be possible with support from the legal sector,” he said.
The chairman of the CMSA, Benjamin Obidegwu during his welcome address expressed his gratitude to all the guests in attendance, assuring them of a memorable event, while the vice chairman of the CMSA and Templars partner, Chike Obianwu, provided an update on upcoming CMSA events in the year 2020. He assured guests, that the CMSA would make efforts to get more sponsorships for future events in order to relieve the pressure on the member firms.
Some lucky winners were treated to exquisite prizes during the raffle draw which was actioned by the CMSA Trustees present at the event; prizes included a spa treatment, a dinner of two at an exclusive restaurant and much more.
The event was well attended with lawyers from member firms, members of the board of trustees, and former members of the CMSA executive committee. Vincent Iweze, the Secretary of the CMSA, thanked the invited guests and members for making time out to be at the event and urged everyone to look out for emails on upcoming CMSA events. It was an evening of music, dance, entertainment, networking and knowledge sharing; one that attendees are unlikely to forget anytime soon.
The current members of the Executive Committee of the CMSA were introduced to members; Benjamin Obidegwu (Chairman), Chike Obianwu (Vice Chairman), Vincent Iweze (Secretary), Simisola Eyisanmi (Assistant Secretary), Blessing Choko (Financial Secretary), Joseph Eimunjeze (Treasurer), Otome Okolo (Social/Welfare Secretary), Olubukola Olabiyi (Publicity Secretary), Jennifer Martins – Okundia (Ex Officio), Efeomo Olotu (Ex Officio), Folasade Ajibola (Ex Officio).