9.5 C
Alba Iulia
Tuesday, December 1, 2020

Subsidy removal will surely benefit Zambians-Chenda

Economy Subsidy removal will surely benefit Zambians-Chenda

Commerce Minister Emmanuel Chenda
Commerce Minister Emmanuel Chenda

Minister of Commerce, Trade, and Industry Emmanuel Chenda has reiterated that the removal of subsidies on petroleum products and maize will necessitate economic and infrastructure development in the country.

Mr. Chenda said in Kasama that government wants to set up infrastructure in order to attract meaningful investment that will benefit the country.

He said resources that would be raised from the removal of the subsidies on fuel will be channeled to several social avenues such as roads, hospitals and schools.

He cited the link Zambia 8000 road network as another meaningful programme that will benefit Zambians in the long run.

He added that with investment in transport and energy, Zambia will experience massive growth of the economy and a reduction in power outages.

And Mr. Chenda stressed that government will continue to subsidise poor farmers in the country.

He reiterated that government has not removed agriculture subsidies but merely requested for a modest increase of farmers’ contribution towards inputs.

Mr. Chenda explained that in the past, farmers used to pay about KR50 for a 50 kilogramme bag of fertilizer which cost government more than KR250.

He said government now wants the farmers to pay an extra KR50 while it still continues to bear the larger cost.

ZANIS

1 COMMENT

  1. atleast the government are doing a good job on the subsidy removal, keep up with the good work.

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

Chilembi:Micho’s Team Lacks Experienced Players

Former Zambia and Nchanga Rangers defender Laughter Chilembi says Chipolopolo need experienced players to revive its dwindling performance. Zambia is...

German’s Amatheon Agro Group Starts Stocking Zambian Foods on European shelves

A new crop of non-genetically modified foods has found a home in German and other European food stores said Ambassador Anthony Mukwita citing Amatheon...

Covid 19 Fight has been neglected

Mwansabombwe District Education Board Secretary Mary Kanyimbo has expressed concern that the majority of people in Mwansabombwe are not complying with Covid 19 preventive...

Mpika to benefit K22 million COVID – 19 relief funds for the vulnerable

The government with support from the United Nations Children’s Fund (UNICEF) has set aside more than 22 million Kwacha to cushion the impact of...

Kapiri mposhi farmers receive inputs

Kapiri Mposhi District Commissioner, Smart Mwila has disclosed that over 22,300 small scale farmers have collected their farming inputs under the Farmer Input Support...

More Articles In This Category