Speaking at the launch of Makerere University's Strategic Plan 2025–2030, Musasizi called on the university to strengthen integrity education and support the government's fight against corruption.
He said corruption continues to deny Uganda resources that could otherwise be invested in critical public services such as healthcare, education and infrastructure.
According to the minister, some public officials embezzle billions of shillings despite having no genuine need to do so.
Musasizi said he has consistently argued throughout his public service, including during his tenure on Parliament's Public Accounts Committee, that financial success can be achieved through honest work rather than abusing public office.
"I have always maintained that you can become wealthy without stealing public money," he said.
The minister added that, as a politically exposed person, he could not accept illicit funds because he would be required to explain their source.
He urged leaders entrusted with public office to serve with integrity and remain accountable to the citizens they represent.
Musasizi also challenged Makerere University lecturers to instil ethical values in students, saying institutions of higher learning have a responsibility to produce graduates who reject corruption and uphold accountability throughout their professional lives.
He pledged to justify the confidence placed in him following his appointment as Finance Minister, saying effective leadership should be measured by responsibility, integrity and accountability rather than age.
Musasizi also thanked the Makerere University community for supporting him during his election campaign and following his appointment to the Cabinet.
He described Makerere alumni as ambassadors of the institution, saying their conduct and professional integrity shape the university's reputation both in Uganda and internationally.