Museveni wants caveat on creation of new districts
President Museveni today proposed that a caveat be put on the creation of new districts because running them requires enormous resources which the country does not have.
Officially opening the NRM parliamentary caucus retreat at the National Leadership Institute in Kyankwanzi today, the president said such resources meant for the operation on of the new districts can be used in boosting other government programs intended to uplift the lives of Ugandans.
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"We need to clearly examine the rationale behind the creation of these districts," he said.
Museveni also disclosed to legislators why he turned down assenting to the controversial Sugar Bill 2017 arguing it threatened the existence of the traditional investors in the sugar industry.
In this retreat the president also disclosed government's plan of diverting the government funds from the commercial banks to the Uganda Development Bank (UDB) saying this will lower interest rates.
He said four key sectors: commercial agriculture, agro processing industries, the service industry and ICT shall transform Uganda's economy.
According to the president a focus on these sectors will create more wealth and and jobs for the young people.
The president also told legislators that about 4000 factories in the country are employing over 60,000 people while more than 8000 companies in the service sector employ 1.2m people. He said there are 1.2m commercial farmers employing 7.8m people while 2000 ICT companies employ 3million people.
