The Deputy Governor of the Bank of Uganda, Augustus Nuwagaba, has challenged graduates to move beyond job-seeking and focus on creating value in Uganda’s rapidly evolving economy.
Speaking on the role of graduates in a digitised labour market, Nuwagaba said traditional employment models are shifting, with opportunities increasingly favouring those who are adaptable, innovative and proactive.
“A single innovation can disrupt an entire industry. Graduates who identify gaps and offer solutions can drive both their own careers and the broader economy forward,” he said.
He emphasised that while academic qualifications may open doors, continuous learning and practical skills are essential for sustaining long-term careers.
Graduates, he noted, must cultivate digital competence, problem-solving abilities, financial literacy and effective communication skills. He also highlighted the importance of soft skills such as teamwork, leadership and emotional intelligence.
“In today’s market, attitude and initiative differentiate candidates more than grades,” Nuwagaba said.
He further urged graduates to adopt an entrepreneurial mindset, whether employed or self-employed, by constantly seeking opportunities to innovate and improve efficiency.
“Do not only ask, ‘Where can I work?’ but rather, ‘What value can I create?’ Productivity and creativity, not titles, define success,” he added.
Nuwagaba’s remarks come at a time when Uganda is grappling with rising youth unemployment and a growing skills mismatch in the digital economy, underscoring the need for graduates to align their education with market realities and emerging technological advancements.