Maravi

(LUSAKATIMES) Govt will regret NCZ privatization-ZUFIAW

Govt will regret NCZ privatization-ZUFIAW
Sunday, October 31, 2010, 21:46

The Zambia Union for Financial and Allied Workers (ZUFIAW) has charged that government will regret the privatization of Nitrogen Chemicals of Zambia (NCZ). Egyptian Ambassador Salah El Sadek recently revealed intentions of a certain Egyptian company that is interested in giving government a private hand in running the NCZ.

The named company is said to have already submitted a proposal to the Zambia Development Agency (ZDA) for the takeover of NCZ. And the National Union of Commercial and Industrial Workers (NUCIW) president Seth Paradza has called on the government to hasten the privatization of Nitrogen Chemicals of Zambia (NCZ).

However, ZUFIAW president, Cephus Mukuka said that government should finance the plant to start running without any private help.

Mr. Mukuka said that government has the capacity to finance the NCZ but lacks political will to keep the company within the hands of Zambians.

He wondered why the ruling MMD government has constantly opted to sale off national property even when it could revamp the institutions and keep it as a public business.

He said that privatizing the NCZ at this moment will only result in a lot of joblessness and lawlessness in the country.

Mr. Mukuka has,therefore, advised government to focus on rebuilding the chemical plant rather than privatising it.

[ QFM ]

Labels: CEPHAS MUKUKA, NCZ, NEOLIBERALISM, PRIVATISATION, ZDA, ZUFIAW

posted by MrK @ 3:42 AM