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{
    "id": 595358,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/595358/?format=api",
    "text_counter": 360,
    "type": "speech",
    "speaker_name": "Hon. Maanzo",
    "speaker_title": "",
    "speaker": {
        "id": 2197,
        "legal_name": "Daniel Kitonga Maanzo",
        "slug": "daniel-kitonga-maanzo"
    },
    "content": "I have looked at the Bill. I want to concentrate on some of the areas like issues of contracts and verification by Parliament, which at times can be very tricky because it depends on how the House has been whipped on certain matters. So, we certainly need very strong laws reconstructed when it comes to the country exploiting this very important resource. As the previous speakers have said, some of the nations which have exploited oil have ended up in war and in disagreements on the formula of sharing the national oil proceeds. We expect that this particular income, estimated so far at 20 times the current Budget of the country, means that we will have enough monies for investment. We will have enough monies for water resources to do irrigation. This is what countries which have engaged in this sort of trade have been able to do. In investments in other areas, the country has been making them without including our own tourism. The security systems should be enhanced, so that the country is safe from external attacks because of this commodity."
}