By The Insight Post-Uganda
President Yoweri Kaguta Museveni on Wednesday addressed the nation detailing the government’s achievements for the previous business year.
The president also used the session to officiate the new business year for the house. His speech entailed highlights for the parliament’s key priority areas for the next year.
Summery
The 10 points programme is set out to build “an independent, self-sustaining national economy”, by creating backward and forward linkages in our economy and indeed this has always been implemented through the various initiatives.
I cannot subsidies fuel so that people can drive more to nightclubs. However, if the prices are distorted by some non-economic factors like sanctions from the West, it may be logical to look at subsidies.
Although the country has been faced with economic shocks, household businesses have responded positively to government investments in agriculture and various wealth-creation initiatives. 60% of households have increased their incomes in the last FY.
The end of the FY 2023/24, the economy will be at Shs 207.22 Trillion which translates to 55.2Bn dollars.
We shall stop the western countries from interfering with the suppliers of fertilizers in the country.
The Presidential demonstration farms are providing training and capacity-building programs for farmers, extension workers, and other stakeholders. This enables them to improve their knowledge and skills in modern agriculture practices.
The 10 points of the @NRMOnline were summarized into the four NRM principles of: Patriotism, Pan-Africanism, Social-economic transformation and Democracy.
Although the country has been faced with economic shocks, household businesses have responded positively to government investments in agriculture and various wealth-creation initiatives. 60% of households have increased their incomes in the last FY
Our industrialization drive is bearing fruits with many industries being set up, we have industrial parks that are now functional 226 factories are now operating under the industrial parks, more are still being constructed and will also soon start
Uganda has a vibrant economy and workforce that’s transforming our economy into a digital one. There are many businesses that now use different internet platforms which is creating employment opportunities for the youth
Food prices remain high due to climate change effects that cause prolonged drought in parts of the country. However, this will be history because of the ongoing government investment in small-scale solar-powered irrigation to address water shortages for crops.
In 1986 when the NRM took over the administration of the country, the size of the economy was equivalent to $1.5 billion. Today, our economy is about $49.4 billion. In other words, the economy has expended by more than 30 times since 1986.
We must resolve this problem of not being able to pay our debts by increasing domestic revenue.
I was told that some of the PDM money has been given to people who are not eligible. A few elite people create SACCOS and take the money. The State House anti-corruption unit has arrested some people. All the thieves, be alert. I am coming – President Museveni.
Although the country has been faced with economic shocks, household businesses have responded positively to government investments in agriculture and various wealth-creation initiatives. 60% of households have increased their incomes in the last FY
For the 12 months to February 2023, we have exported 5.7 million bags, each of 50 Kgs of coffee worth USD 858.7 million.
On the issue of fertilizers, we shall get a solution to stop Western countries from interfering with our supply of fertilizers.
The government resisted price controls and subsidies when prices went up sharply
We need to intensify as Africa is to build regional infrastructure, provide connectivity with the region and reduce trade transaction costs.
In line with industrialization, the government now owns eight industrial parks, with three operating under a private-public partnership (PPP). The total number of factories is 4008, with a total number of employees of 150,000.
Uganda has in the last one year exported 5.7 million bags of coffee worth US$858.7 million, fish worth US$166 million, beans worth US$132 million, sugar (US$146 million), maize (US$131 million), and industry products worth US$348.9m.
All the deaths from landslides and floods come from rebelling against God, science and common sense – President Museveni
I was talking to MPs from Busoga and they told me that their people have been growing rice in wetlands. How well are they doing? The MP from Bukedea said the region is poor. What is the point of destroying wetlands when you’re not getting rich- President Museveni
President: We shall soon produce oil and gas and the infrastructure development to enable this is currently under construction, including the East African Crude Oil Pipeline, power and water infrastructure, and Kabale Airport.
Although the country has been faced with economic shocks, household businesses have responded positively to government investments, in especially infrastructure and the various wealth creation initiatives.
Ugandans are now getting richer; the middle class are now visiting the national parks. I congratulate you.
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