HomeNewsUS$40000 Loan Facility: Here’s Why Masarira Has Rang Alarm Bells.

US$40000 Loan Facility: Here’s Why Masarira Has Rang Alarm Bells.

Labour Economists African Democrats (LEAD) president Linda Masarira, has raised alarm bells concerning the increased risk of voter apathy over the US$40,000 loan provided to legislators by the government.

Government extended US$40 000 loan facility to all lawmakers across the political divide and US$500 000 and US$350 000 for ministers and their deputies respectively.

The loan facility has been met with condemnation by citizens online and offline.

Responding to the loan facility in a Facebook post Masarira says the extension of the loan facility to lawmakers would negatively affect the voter turnout in the 2023 election.

“These loans are going to increase voter apathy in 2023,” said Masarira.

By-elections held from 2018 to date have been characterized by poor voter turn out especially among the youth.

According to a recent Afrobarometer survey, the electorate was dissatisfied with how its interests were being represented by MPs.

Although, the youth are grappling with unemployment, drug use and the high cost of living research has shown that youth do not believe that elections will not change their circumstances.

Loan Repayment

Additionally, Masarira queried how the loan recipentants would repay for the loans given that their term in office is coming to an end.

“Since elections are about 7 to 8 months away, how are the legislators going to pay back the loans if they are not re-elected into office?

“I sense a grant packaged as a loan and we can’t keep silent as taxpayers funds are once again been looted.

“The next we will hear is that the loans have been written off,” said Masarira.

Although, parliamentarians are expected to represent those who elected them to into office, they seem to be benefiting financially at the behest of millions of Zimbabweans who are food insecure.

Related Articles

2022 Delimitation: Here’s Why Team Pachedu Wants ZEC Disbanded.

A data analysis group, Team Pachedu has suggested for the disbandment of the current electoral management body, the Zimbabwe Electoral Commission (ZEC) to guarantee...

Delimitation Exercise: Ward 17 Mt Pleasant  Residents Welcome Restoration Of Urban Status.  

Ward 17 residents in Harare have applauded the outcome of the just ended delimitation exercise, which has given the neighbourhood urban status once again. In...

Delimitation Report Criticism : Lawmakers To Blame Say’s DUZ President. 

Democratic Union of Zimbabwe (DUZ) President Robert Chapman, has attributed  the outcome of the delimitation report to lawmakers' lack of urgency in safe guarding the...

Voters roll saga: We will not comment until there is a court determination, says ZEC

Voters roll saga: We will not comment until there is a court determination, says ZEC The Zimbabwe Electoral Commission (ZEC) says it will not respond...