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HomeNewsFINANCE Minister Dr. Situmbeko Musokotwane says human capital development is critical towards...

FINANCE Minister Dr. Situmbeko Musokotwane says human capital development is critical towards achieving Zambia’s economic development.

Speaking during a ZiCA 2022 post-budget analysis dinner at the Mulungushi International Conference Centre (MICC), this evening (Friday 29/10/21), Dr. Musokotwane explained that the 30,000 teacher recruitment programme next year was designed to expedite human capital development.
“…You cannot have human capital where grade one to nine, you have two teachers; what are the children going to learn? How are they going to be engineers, how are they going to be lawyers? So, we have to get to the basics of ensuring that we invest in health so that we are healthy and also education,” Dr. Musokotwane said.
The minister said that the more investment there is in human capital, the more knowledgeable people were in society.
He said that it is the only difference between successful South East Asian countries and countries that are struggling economically. Dr. Musokotwane said, “The only difference is human capital. Their success cannot be alluded to natural resources because they do not have them in abundance”.
Dr. Musokotwane reiterated that government was keen to boost Foreign Direct Investment (FDI), especially in the mining sector, to accelerate copper production to hit 3 million tonnes per year.
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