Business
President Museveni urges Ugandans to join money economy, practice modern agriculture
President Yoweri Museveni has urged all Ugandans to play their part in creating wealth and achieving collective development and prosperity in the country.
Speaking in Arua during his tour on investment and wealth creation in West Nile on Tuesday, the President emphasized the need for every Ugandan to join the money economy by practising modern commercial and calculated agriculture to fight poverty at the household level.
President Museveni also noted that while the money economy has grown from 4% in 1969 to 68% currently, there is still a lot to be done. He highlighted that Uganda has achieved the minimum economic recovery by reviving items like the 3 Cs – coffee, cotton, copper and the 3 Ts – tea, tourism and tobacco which had collapsed during Uganda’s political troubles of the 1950s.
In addition, the President mentioned that Uganda has expanded its economy with the addition of other products such as milk, beef, soap, sugar, fish, fruits, steel, and maize which was not a cash crop by 1971. Furthermore, the government is working on infrastructure development such as roads, railways, piped water, and internet, and addressing the problem of intermittent power supply in West Nile to facilitate wealth creation.
President Museveni expressed optimism in the parish development model which aims to get people out of poverty through enterprises that have a global demand, and he called upon all people above 18 who want to join wealth creation to join the parish SACCO.
“The government will bring 100 million shillings each year to the SACCO, and 100 families will benefit each year.” The President also urged local people to report corrupt individuals who are interfering with the Parish Development Model.
The meeting was attended by various ministers, including Vice President Major (rtd) Jessica Alupo Epel, and ministers hailing from West Nile such as Dr Joyce Moriku Kaducu, Evelyn Anite, Dr Chris Baryomunsi, and Ruth Nankabirwa, among others.
