Museveni blames opposition for slow growth of the economy

Filephoto: FDC’s Betty Anywar consults President Museveni.
Filephoto: FDC’s Betty Anywar consults President Museveni.
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President Museveni who is on the countrywide tour to sensitise the people on the proposed Land Amendment Bill, has blamed the slow growth of the economy on the Opposition.

Bank of Uganda (BoU) on Tuesday reduced the Central Bank Rate (CBR) by 0.5 percentage points to 9.5%. The move seeks to revamp the country’s economic and private sector credit growth rate. Mr. Museveni says the opposition have always diverted government.

There are 458 MPs in the 10th Parliament, Forum for Democratic Change (FDC) has 36 MPs, Democratic Party (DP) 14 and the Uganda People’s Congress (UPC) six MPs, leaving the Opposition in control of less than 60 parliamentary seats.
The President, who featured on Step FM and Open Gate FM radio stations in Mbale castigated leaders in Parliament who block the starting up of factories saying this also resulted in the delay of creating jobs for the young people. He said such people (Parliamentarians) are enemies of job creation for the children of Uganda.

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Early this year, The International Monetary Fund (IMF) projected that Uganda’s economic growth for the fiscal year 2016/17 will be in the range of 3.5 to 4 per cent down from its earlier official estimate of 5 per cent for this financial year.

“The opposition has been saying a lot of lies. In the elections of 2001 and 2006, they said that Museveni had sold Lakes Victoria and Kyoga. Here in Mbale some people were smuggling goods into Kenya and URA was trying to stop this smuggling. When we would try to make the economy work properly, these people would make them turn against us,” the president said.
Mr. Museveni appealed to NRM leaders to push for the NRM’s pro-people programmes that the Movement has set up such as UPE, Youth and Women Funds and Operation Wealth Creation so that those programmes help the intended beneficiaries.

read: Only oil money can rescue Uganda from the looming debt crisis –BoU official

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  1. america is today an unrivalled super power of the world; – exactly. as George Washington had predicted in his seminal “manifest destiny” missive. he was so sure of the inevitability of America’s success, because him and his co-founding fathers had clavoyantly steeped their young nation’s affairs onto the rule of the laws rather than that of man. close to two hundred and fifty years later, we in uganda the myopic leadership has opted for the rule of man; and set about consoling the people’s fears, as opposed to confirming their confidence. ultimately fulfilling the subpar racist theory that africans are incapable of founding a civilization because their history is a cyclic one. the current socio-economic malfeasance is not a fault of the opposition, but merely a corollary of the vices of the rule of arbitralism.


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