UPND Parliamentary whip and Liuwa Member of Parliament Situmbeko Musokotwane has entered into a covenant with the people of Zambia assuring them of his opposition to the infamous constitutional bill number 10 of 2019.
And Dr Musokotwane says the high tax regime in the country was scaring away potential Foreign Direct Investment (FDI)
speaking at a media briefing this morning,Dr.Musokotwane said he stands with the Zambian people that have decided to oppose the bill which if enacted would throw the country into total disarray.
He said his commitment to oppose the bill is not borne out of malice or hatred against any group of people but is as a result of self conviction that the document is not good for the country.
“Today,I Situmbeko Musokotwane do make a covenant with the people of Zambia through you members of the press that I shall not support constitutional bill number 10 once brought into the house next month.This is my commitment to the people of Zambia and the people of Liuwa in particular,” he said.
He said the people have placed their last hope in members of Parliament to save them from bill number 10 and hence his resolve to not wanting to be a part of those that shall go against the will of the majority citizens.
“Am here to say yes to all the demands put across by a majority citizens with regards to the Bill.You have said No to the reintroduction of deputy ministers,I agree with you.You have said No to draconian coalition government system,I agree with you.You have said No to reducing powers of the Bank of Zambia in terms of monetary policy,I agree in totality and am here to reaffirm that position,” he added.
Six UPND members of Parliament which include Gary Nkombo of Mazabuka Central,Cornelius Mweetwa of Choma Central and Stanley Kakubo of Kapiri Mposhi yesterday also reaffirmed their position to oppose the constitutional bill once taken to Parliament next month.
And Dr Musokotwane who is former Finance Minister and Deputy Bank of Zambia Governor for operations says poor and inconsistencies in monetary policies was scaring away FDIs in the country and cited the Multi facility economic zones (MFEZ) as one such areas which are becoming white elephants due to government’s insincerity on terms and conditions.
He said the several and high taxes being introduced by the PF were a source of concern for any investor hence the noted reduction in foreign investment in the country.
“The high unemployment rate in the country cannot be absorbed by the scanty FDIs we are seeing.This needs huge investment which unfortunately is being threatened by the high taxes being introduced as a way of trying to service the debt and in the process affecting FDIs.The ZDA is right on its assessment of the situation,” he revealed.