Department of Development Studies lecturer McDonald Chanda observes that with the knowledge students acquire from their study at higher learning institutions, they are capable of setting up their own businesses that have the capacity to contribute to the national coffers through tax thereby adding value to economic growth of the country. A University of Zambia (UNZA) lecturer has urged graduating students to consider venturing into entrepreneurship upon graduating from the institution.
In an interview with the Lusaka star, Department of Development Studies lecturer McDonald Chanda observed that students should aim at creating employment and become their own bosses rather than aiming to graduate and work for someone.
“Today’s world is not concerned with finding a job but putting more effort to positive ventures in order to succeed at any business undertaking,” he noted.
Dr. Chanda disclosed that entrepreneurship help boast the country’s economy as it provides an opportunity for individuals to create employment and contribute to national revenue through remitting tax to the Zambia Revenue Authority (ZRA).
Meanwhile, Dr.Chanda appealed to banks to provide more flexible loans to graduates as a springboard to big business investment and business innovations.
He lamented that with the knowledge students acquire from their study at higher learning institutions, they are capable of setting up their own businesses that have the capacity to contribute to the national coffers through tax thereby adding value to economic growth of the country.
“Most big global corporate firms flourishing in the world today started with a small amount, even smaller than what you can start with … what matters is having capital enough to start a business,” Dr Chanda added.
He said education provides student with the aptitude to excel in business and adapt in any situation after graduating.
And UNZA Economics Student Timothy Bwalya has advised students to avoid relying on government to create employment for them but instead develop entrepreneurial minds capable of establishing their own businesses.
“It is disheartening to see some students start to question government polices because of not securing employment,” he added.
Mr. Bwalya has since noted that it is vital for financial institutions, government and other stakeholders to work hand in hand and develop a favourable entrepreneurship environment in the country.