PSDA calls on government to take seriously the need to revamp the Nitrogen Chemicals of Zambia
Written by MillenniumEditor2 on May 22, 2021
The Private Sector Development Association PSDA has called on government to take seriously the need to revamp the Nitrogen Chemicals of Zambia in order to cut down on cost of importing fertilizer which comes at a huge cost to the treasury.
The Bank of Zambia recently revealed that importation of agro and fuel inputs made up the two biggest contributors to the depreciation of the Kwacha.
PSDA Chairperson Yusuf Dodia says government should seriously facilitate the reopening of the plant in the hands of a private investor, while encouraging others to setup their own fertilizer and agro chemicals production lines.
Mr Dodia says at the time of opening the Nitrogen Chemicals of Zambia, the country had powerful economic development and self-reliance strategies which served local farmers well by not having to import the commodity.
Mr Dodia says there is need to reflect on economic management to have such production lines that supports local consumers who would have their farming inputs produced and supplied as and when required.