Posted by Adminstrator on October 03, 2016

The President of the Republic of Zambia, His Excellency Edgar Chagwa Lungu, opened the 12th  session of the National Assembly on Friday 30th September 2016. The President stated that government’s focus for the next five years will be on developmental milestones in line with the 7th National Development Plan whose focus shall be to achieve a resilient and diversified economy. Government will thus place high priority on industrialising the economy to create more jobs and wealth for Zambians.  The President highlighted that efforts to move the economy from the current heavy dependence on Mining to one based on agriculture, livestock and fisheries and their entire value chains will continue in a more robust manner.  He further noted that Zambia’s neighbours provided a viable market for the country’s agricultural products.

The Head of State called for innovation and embracing of technology for service provision by all economic actors and for government to embrace long term planning and cost effective measures that eliminate waste and abuse of resources.

The broad macro-economic objectives for the next five years include attaining a double digit gross domestic product, maintaining a single digit inflation and having sustainable public debt to increase fiscal space and create room for development financing.

The theme of the maiden address by the Republican President was “Building a multi-sectoral approach to development that enhances inclusiveness in development with leaving anyone behind”. Government is therefore aiming at creating linkages between various sectors and building upon each sector’s comparative advantage.

Categories: