THE privatisation exercise conducted between 1991 and 1996 was hastily done and abused by those entrusted to undertake the exercise, Vice President Inonge Wina has said.
The Vice President told Parliament that some people took advantage of loopholes in the programme to enrich themselves at the expense of the nation.
She also said the industrialisation programme started by the UNIP government was stopped, hence led to mass job losses.
Mrs. Wina said this on the floor of the House during the 30 minutes of the Vice President’s question time.
The Vice President further said the Patriotic Front government would be remembered as a hard working administration that had delivered development to all parts of the country.
She was responding to Kawambwa PF Member of Parliament Nickson Chilangwa who wanted to know what Government would be remembered for as far as development was concerned.
Meanwhile, the Vice President assured the people of Western and North-Western provinces that government would build the Katunda-Lukulu-Mumbezhi road.
She said a contractor for the project had already been identified and that the construction of the road would commence as soon as resources were mobilised to link the two provinces.
And Mrs Wina dispelled assertions that the PF government was broke resulting in failure to release Constituency Development Funds (CDF).
She reiterated that Government was not broke and that it had resources to run national affairs.
Mrs Wina said although the country’s tax revenue base had reduced, Zambia’s economy remained on a solid foundation.
She cited the continued investment inflows into the country including the Glencore U$S 1.2 billion investment on the Copperbelt.