Lungu vows to diversify economy


PRESIDENT Edgar Lungu has announced that his administration will pursue nuclear technology as part of the diversified sustainable energy mix to power Zambias economy.

And President Lungu has promised to make Kafue town an iron and steel facility economic zone following the establishment of an iron and steel plant in Kafue town.

The Head of State also announced that somewhere in the North of the country, in block 31, investors had begun a promising exploration project for oil and gas.

Speaking during his inauguration ceremony yesterday, President Lungu said Zambia must now start to redouble its efforts at indigenising investment in science and technology research in development and innovations.

“To do this, our skills base must improve correspondingly. We must begin to strengthen the Zambian economy by making the transaction in the Zambian kwacha a reality.

“In order to self-sustain our economy, we must first produce local, buy local and use local and then export more,” he said.

President Lungu said it was now time for Zambia to make concerted efforts at protecting, preserving and rehabilitating Zambia’s environment so as to systematically mitigate the effects of climate change and make the tourism industry more meaningful.

“’Sonta apowabomba, ngawafilwa sela tubombeko’ is not only a political slogan, but also a new cultural dispensation calling for hard work,” he said.

The Head of State said Zambia’s mission must now be to give itself the ability and confidence to be masters in its own destiny.

“We must begin to conclusively wean our economy from the current copper mining dominated mono-economy.

“In this new dispensation we must promote and sustain agriculture to become one of the main drivers of our diversification programme,” he said.

President Lungu said whilst it was Zambia’s basic interest to make its rural arrears more attractive by counting with very successful programmes of decentralization

He promised to lead an agricultural revolution that will mandate senior government officials to till some land as part of their contribution to the undertaking.

“All government officers, from the position of Director should engage in at least one agricultural undertaking by having even a small enterprise. I promise to lead from the front for State House Staff,” he said.

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