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Monday, September 28, 2020

New Inflation Rate Indicative Of PF’s Addiction to Spending – Nevers Mumba

Economy New Inflation Rate Indicative Of PF's Addiction to Spending – Nevers Mumba

inflation

Movement for Multi-Party Democracy (MMD) President Dr. Nevers Sekwila Mumba says he has been proved right when he predicted in September 2015 that Zambia was heading for double digit inflation. Dr Mumba says this is due to excessive reckless spending by the Patriotic Front (PF) government and the weakening Kwacha which has driven prices upwards.

Speaking in Lusaka last week, Dr. Mumba said the alarming jump in the inflation rate from 7.7% to 14.3%, an increase of 86% in a single month, is indicative of more difficulties to come for the people of Zambia. He has called on the PF Government to demonstrate seriousness in efforts to save the economy from collapse and rescue Zambians from suffering.

Dr. Mumba explained that the PF has failed to correctly diagnose what is wrong with the country and have continued blaming the current crisis on global factors while ignoring their role in causing and prolonging the situation.

Dr. Mumba reminded the nation that the Minister of Finance Honourable Alexander Chikwanda recently told the nation that he has tried to plead with the President Mr Edgar Lungu, Vice-President Inonge Wina and all PF ministers to stop wastage of money by cutting down on unnecessary foreign travel when the country’s coffers are dwindling, but this advice has fallen on deaf ears because Ministers get per diem of $500 per day when they travel.

Dr. Mumba reminded the nation that the Minister of Finance Honourable Alexander Chikwanda recently told the nation that he has tried to plead with the President Mr Edgar Lungu, Vice-President Inonge Wina and all PF ministers to stop wastage of money by cutting down on unnecessary foreign travel when the country’s coffers are dwindling, but this advice has fallen on deaf ears because Ministers get per diem of $500 per day when they travel.

Dr. Mumba said the PF government does not care for the suffering masses, most of whom go to bed hungry due to high prices of commodites. The PF ministers only care about their lavish lifestyles which are funded by tax-payer money.

He said the Zambian economy is in very poor health and needs urgent intervention but that the PF government is incapable of doing the right thing due to their selfishness and lack of understanding of the economy.

Dr.Mumba said the MMD is ready again, as in 1991, to rescue the people of Zambia from the collapse of the economy and untold suffering.

5 COMMENTS

  1. Interesting $500 by 15 days in New York = $7500 each to Mukanga useless and others.
    And Pastor Mumba, did you also hear that PF want to overspend on build a Tabernacle of National Prayers? Will they praying for inflation in that house of worship?

  2. Dr. Mumba, the same poor people who are hard hit are the ones who vote for PF! Are you sure they deserve sympathy? They are just getting the fruits of what they voted for!

  3. Do you know why relief food is always sent to southern province and western where they don’t vote for pf? Also do you know that northern produced more maize in the the season? That aside mumba way of critizing and opposing govt has a lot of sense than other opposition leaders who are bent on insults day in day out.

  4. Copperbelt and Lusaka people do not listen when the farmers cry for farm inputs. You dont support the farmer where the food you eat on your tables come from. You want good roads and business infrastructure and you forget the finger that feeds you who is a farmer.

  5. YES THIS TIME WE TAKE OUT POOR FARMER (PF). HE ONLY EATS AND FORGETS WHERE THE FOOD COMES FROM. EVEN IF SALARIES ARE INCREASE, IMAGINE HOW ARE THE BASIC NEEDS BEEN INCREASED, A 2.5L COOKING OIL IS K60, WASHING PASTE IS 500GMS IS K10:50; MEALI MEAL K87, SOON SCHOOL FEES WILL BE INCREASED TO SOMEWHERE. TALK TIME MTN K5.50

    BANE DONT LISTEN TO THEM BUT LET THE POOR FARMERS REDUCE THINGS THAN ASKING MILLERS TO REDUCE THE PRICES WHEN OTHER COUNTRIES WHO THEY ARE REFERRING TO ARE IMPROVING ON SOLVING THEIR PROBLEMS.

Comments are closed.

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