The National Economic Advisory Council (NEAC) has called on the private sector to play a leading role in accelerating industrial diversification and job creation.
NEAC Executive Director Webby Wake says the private sector has a significant role to play because it is regarded as a vehicle that should be used towards actualizing various government economic plans such as the implementation of the industrial development plan.
Mr. Wake was speaking in an interview with in Lusaka yesterday.
He explained that it is with this realization that NEAC will on 29th August 2018 host a high level business leader’s government conference aimed at bringing government policy makers and private sector players to discuss issues intended at improving the living standards of people in the country.
He added that the conference will also enable the private sector engage government on policies that support the development of their industry.
Mr. Wake stated that this is to ensure that government programmes buy-in from the private sector which is supposed to be the executer and provider of jobs that government want to create in line with the Seventh National Development Plan.
He observed that mostly the private sector would ask for different incentives to be provided to run their businesses at the time when the state also wants to raise revenues for running of government programmes.
Mr. Wake noted that this is why their request do not usually receive the intended response, adding that it for this reason that the private sector are encouraged to take advantage of the conference and engage government on how best they can work together to promote job creation through industrial diversification.
And speaking in a separate interview Private Sector Development Association (PSDA) Chairperson Yusuf Dodia praised government for creating an enabling environment that supports the growth of the private sector in the country.
Mr. Dodia pointed out that the conference engagement will go a long way in strengthening the relations between the private sector and government for the benefit of the people.
He noted that the decision to host a conference is also an indication of how much government appreciates the effectiveness of private sector involvement in the development implementation process.
The PSDA Chief further called on Industrial Development Corporation (IDC) and the Zambia Development Agency (ZDA) to intensify their marketing activities and create more private sector investment opportunities to attract more players to the sector.
The high level business leader’s government conference will be held under the theme “Accelerating the implementation of industrial diversification and job creation”.