Tayebwa advises students to develop savings culture
The government Chief Whip Thomas Tayebwa has advised students from various learning institutions to observe savings discipline and trust amongst themselves.
While speaking at Uganda Christian University (UCU) LaunchPad Debate Club in Mukono as guest of honour, Tayebwa said that the biggest problem Ugandans have is a poor saving culture.
Keep Reading
He urged the students to start saving groups if they are to thrive and become productive in this generation.
"We first eat, then we save. You can never grow like that. Friends, first save and then eat," he advised.
Tayebwa told students to form a savings group, giving an example from Kenya, where most taxis are owned by Saccos of which some of them are owned by students.
"You're ten guys, you only meet for drinking. Why can't you save a little and start something as a group. Form groups, don't work alone, own from small chicken business to small cafe, coffee shops, even in your hostels, you can do a delivery business," he said.
UCU Vice Chancellor Prof. Aaron Mushengyezi praised Tayebwa as a man of action and a role model to the young people both at UCU and in the communities around Uganda.
"We are very proud of you for the work you do for the government and for your leadership. We look at you and associate with you because you are a young leader and at the same time, you have done tremendous work for this country for the period you have been in leadership," said Mushengyezi.
