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Museveni issues directive on borrowing infrastructure funds

By Vision Reporter

Added 17th September 2019 02:59 PM

AfDB's regional director concurred with the President Museveni saying funds ought to be borrowed and managed for strategic sectors in the economy

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AfDB's regional director concurred with the President Museveni saying funds ought to be borrowed and managed for strategic sectors in the economy

President Yoweri Museveni has directed that the borrowing of funds for national infrastructure development should only be ascribed to railway construction, electricity generation, irrigation schemes, strategic roads’ building and to some aspects of education and health sectors.

“In the education sector, it is the issue of the government programme for the implementation of the construction of 280 secondary schools at sub-county level countrywide. At the university level, the focus should be on the construction of laboratories first and then main halls, which are optional. Let us do all this with respect to other hard-core issues. I have made this clarification for purposes of streamlining proper national economic growth,” he said.

The President was on Monday speaking during a meeting with the African Development Bank (AfDB) regional director in charge of the Eastern Africa Regional Centre, Gabriel Negattu, at State House in Entebbe.

resident useveni during the meeting with the frican evelopment ank regional director abriel egattu at tate ouse in ntebbe  hotoPresident Museveni during the meeting with the African Development Bank regional director Gabriel Negattu at State House in Entebbe. PPU Photo

 

Also present in the meeting were finance minister Matia Kasaija, higher education state minister John Chrysostom Muyingo and education ministry permanent secretary Alex Kakooza.

Museveni clarified that the construction of the railway is crucial because it will link Uganda to the neighbouring countries such as the Democratic Republic of Congo and South Sudan.

He also noted that as for electricity generation, the current power supply is not enough because the dynamics of the internal economy in Uganda, it is all consumed.

Negattu on his part, concurred with President Museveni and said that funds ought to be borrowed and managed for strategic sectors in the economy. He advised the government on the need to think broadly beyond Uganda while planning for infrastructure development.

“Think beyond Uganda and go to East Africa in order to create a centre for development and economic excellence in the region for the future,” he added.

Kakooza revealed that out of the 280 secondary schools to be constructed in the country, at between $60–70 million, 134 will be newly built with the rest requiring only refurbishment.

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