The curse of inferiority complex,WE NOW STAND FOR NOTHING…anything goes, brace forthe worst Zambia – Ng’uni

The curse of inferiority complex,
WE NOW STAND FOR NOTHING
…anything goes, brace for
the worst Zambia – Ng’uni

By Larry Moonze

BRACE for the worst Zambia, warns former deputy finance minister Newton Ng’uni

He says slavery has come back full time in Zambia.

“Zambia we now stand for nothing and therefore, we are falling for anything.

Our leaders don’t have a clear roadmap to end poverty in Zambia. And they don’t want to be advised. So anything goes,” Ng’uni noted. “The pain of the curse of inferiority complex in a nation’s leaders – Zambia. The fact that the Vietnamese joker could offer himself ridiculous terms for his purported six million hectares project, the ZDA cleared it to enable VietZam to even start making presentations, cleared by line ministries and provincial ministers, allowed to go ahead to meet chiefs and a permanent secretary was in attendance in Luapula Province confirms who we have become as a nation. The UPND leaders are determined to sell to foreigners anything valuable in this land in the name of promoting foreign investment.”

Ng’uni said getting six million hectares is good enough for VietZam to raise the capital needed.

He said that feat can even attract the Vietnamese government to support the project.

“So saying an individual cannot finance a $72 billion project because his country’s GDP (gross domestic product) is only $408 billion is being naive. It shows our lack of understanding of the intricacies of international finance. The real finance here is the six million hectares we want to give plus our naivety (which we have shown so clearly in dealing with our mineral resources),” Ng’uni argued. “Our naivety is simply legendary. We knew Vedanta was broke. Its stock had been classified as junk prior to giving KCM back to them. But recently, investors oversubscribed to its stock after being given back KCM. Why? It is not Vedanta here which is important but our mineral deposits that KCM sits on. Look at Mopani, we were busy protesting that Delta had no experience because it was just recently incorporated. Again that is not important. It is the mineral deposits that Mopani sits on which is so important as to even attract the involvement of the world’s biggest company by the quantum of assets it manages (Black Rock – over $3 trillion including Bitcoins. This could be higher than Africa’s total GDP!).”

He wondered why Zambia was doing “all these naive things”.

“Our leaders are fixated on one man- ECL (Edgar Chagwa Lungu). They consider fixing ECL as the most important thing for them to accomplish, not fixing the economy. Our leaders don’t have a clear roadmap to end poverty in Zambia. And they don’t want to be advised. So anything goes. This is why even a joker like VietZam can come and take our ministers’ time presenting a joke to them and they are happy with it. This is why in the mining industry we are fixated on reaching production of three million tonnes of copper per annum without considering where that wealth will end up, who will benefit from it,” wrote Ng’uni on his Facebook wall. “We are giving up every control including voting rights in copper mining companies at the time when copper is being predicted to touch $40,000 in the near future. Zambia we now stand for nothing and therefore, we are falling for anything. This is why I am surprised that Zambians are surprised that these investment jokes are going on. We have no cogent plans to enhance human development that as a developmental State we ought to have. Zambia, slavery has come back full time. But instead of being sent to the Americas, our oppressors have come here under the protection of our State to keep us in perpetual slavery. Neo-colonialism is more rapacious and pernicious than direct colonialism. Brace for the worst Zambia.”