FRA UNVEILS ZAMBIA’S K7 BILLION DEBT CRISIS: FARMERS LEFT IN LIMBO
.. we owe banks, transporters and ZNS owes us K2.4billion..
The Food Reserve Agency (FRA) has exposed a staggering financial predicament that threatens Zambia’s agricultural backbone.
The government now owes commercial banks an eye-watering K7 billion for maize purchases made last year.
This colossal debt has incapacitated FRA’s ability to buy maize this season, leaving farmers stranded without a crucial buyer.
This failure is not merely a budget issue—it’s a severe indictment of leadership at the highest levels.
Farmers who toil relentlessly to feed the nation face the harsh reality of mounting uncertainty.
FRA’s restrained purchasing power disrupts the entire supply chain, undermining food security and trust.
Boza my my friend. FRA doesn’t OWE ANYONE.
YOU be shocked few weeks before ELECTIONS ALL FARMERS WILL RECEIVE their pay. It’s a political gimmick. HH wants to be paying Farmers on the DOT. You deliver MAIZE there and then you get the payment.
It’s rough for opposition this year.
They have no message.
@Anderson – Which planet and country do you live in ? Is this what being a UPND cadre can do to you brain that you can even think ? Stop talking about the next few week farmers getting paid. Talk facts on the ground, the reality and not what your empty head is telling you. What kind of a political gimmick is this where you starve the voters (farmers) by paying them late ? Food security is not about UPND , TONSE or whatever political party one belongs to. Food security is national security. a hungry nation is a vulnerable nation, a hungry nation is a risk to national security. Where do you work Anderson? What do you do ? Do not bury your head in the sand and hoping one day in August you will wake up and find UPND still ruling when you can’t speak truth to power?
Do not just argue and speculate dreaming about all farmers being paid in the coming weeks. Argue with facts , then you will be able to sleep in peace. It is better to be hated by telling the truth than lie in order to feel accepted because lies have short legs. What UPND promised Zambians 5 years ago; time has come to take stock of the achievement and that is what UPND is up against.