By Isaac Zulu
Private Sector Development Association chairperson Yusuf Dodia has called for enhanced monitoring mechanisms on mineral exports.
Speaking in an interview, Dodia said government should put in place effective mechanisms that would enable the nation realise resources from export earnings that should be channeled towards the recapitalisation of the country’s economy.
“The challenge we have in Zambia today is that we don’t know exactly what is being exported, how much we are getting from export earnings. What we are getting from mineral exports is not satisfying government,” Dodia said.
He said currently the country is not getting enough revenue from mineral exports, hence the need to formulate mechanisms that would enable government to realise financial resources that would recapitalise the country’s economy.
“We are not getting enough revenue from mineral exports… What we are getting is far much less. So we need a mechanism, through policy formulation, that would enable the country get billions of dollars from our mineral exports and, subsequently, channel those resources towards the recapitalisation of the country’s economy. And I personally feel that the introduction of the Exports Proceeds Framework is a perfect way of ensuring that the country gets a fair share from mineral exports and grow our country’s economy,” said Dodia.
