M'MEMBE Encourages the UPND Government to Reassess Mining Concessions and Tax Waivers
Zambia’s former Minister of Mines and current President of the Socialist Party (SP), Dr. Fred M’membe, recently raised an important call for action to President Hakainde Hichilema and his United Party for National Development (UPND) government. Addressing economic sustainability, M’membe has urged the government to take a closer look at their mining concessions and reconsider their tax waivers to help boost national revenue.
In a statement made in Caracas, Dr. M’membe emphasized the potential economic benefits of revisiting these tax incentives. He suggested that the staggering figure of approximately billion in annual tax waivers could create job opportunities for up to 3 million farm workers across the nation. Given Zambia’s agricultural potential, this move, he asserts, could significantly stimulate both the agriculture sector and employment rates, leading to a more prosperous economy for the Zambian people.
While encouraging the government to take his advice seriously, M’membe also shared his concerns about the current trajectory of government policies which, in his view, are not prioritizing the well-being of citizens. He believes that by disregarding such constructive suggestions, the UPND government might be missing a golden chance to uplift living standards through better salaries, improved infrastructure, and essential social services, including education and health care.
Dr. M’membe’s insights are a reminder of the crucial balance that needs to be struck in resource-rich countries like Zambia. The ability to effectively manage natural resources and harness the consequent revenues can be a game changer, not only for the economy but for the everyday lives of its citizens. He urges the government to act decisively on these recommendations, a sentiment that resonates with many citizens eager for sustainable development and better living conditions.
As the Zambian government strives to navigate economic challenges, the dialogue around resource management, taxation, and employment will remain pivotal. By reassessing its strategies on mining concessions and tax incentives, the UPND government has an opportunity to create a ripple effect of positivity throughout the economy.
Stay tuned for more updates as this story unfolds, and let’s hope for progressive changes that will benefit all Zambians.
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