RE: Establishment of NBA Stabilisation Fund and Commencement of Access to Finance Scheme For Lawyers
As I mentioned to you during the NBA electioneering campaigns in 2020, the need for a stabilisation or “rainy-day” fund for an association like ours cannot be overemphasized. Leading Bar Associations around the world have, over the years, set aside significant amounts that they can resort to for their major expenses, especially when there is a considerable fluctuation in their revenues. I therefore campaigned on the importance of a savings culture and proper investment of our funds at the NBA as a way to not only growing our assets base, but also minimizing interference from external bodies that may have a stronghold on the Association on account of funding, donations, and grants.
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