President Yoweri Museveni says the country has achieved macro-economic stability and that the inflation rate is at a low rate of about 6.7% per annum while the growth rate ranges between 5% and 7% per annum in spite of having not solved some of the bottlenecks.
He made the remarks at the closing ceremony of a 2-day Cabinet retreat that took place at the Conference Hall in the building complex that also houses the Prime Minister’s Office in Kampala.
The retreat reviewed the performance of Government during the period covering half of the 2015/2016 financial year.
The president revealed that the national target was to have a double digit growth rate.
He said that there were a few entrepreneurs exporting commodities. He stressed that the country benefits most through manufacturing and exporting finished goods.
He was optimistic that with an improved team of entrepreneurs, inflation would decline.
Mr. Museveni explained that NRM Government has insisted on the development of roads and more electricity generation and supply for purposes of enhancing development tempo of the country.
He noted that the strategy has led the country to having sufficient electricity supply.
He observed that for the moment power was expensive mainly because Bujagali dam was built using borrowed bank funds.
He, however, assured the nation that the Government will solve the challenge of expensive electricity.
He noted that a lot of progress in the provision of electricity has been recorded since Government has embarked on the construction of various power dams including at Karuma, Muziizi and Ayago.
He directed Resident District Commissioners to inform wananchi about the Government’s development programmes such as the electricity generation and supply.
He said that when Government officials keep quiet about the progress and implementation of development programmes, wananchi develop a tendency of championing unrealistic demands.
He informed the retreat that a total of 108 districts out of 112, have so far been able to access electricity supply.
He said that plans were in advanced stages to ensure that the remaining four districts receive electricity from the national grid soon adding that 26.1% of the nation is enjoying electricity supply adding that this is a remarkable progress when compared to an earlier supply rate of only 4%.
Referring to project conservation as one of the bottlenecks facing the country, President Museveni reminded the officials that 68% of the population in Uganda was depending on subsistence farming.
He strongly reminded the officials that NRM is not party to the project of conserving poverty in the country. He, therefore, called on them to mobilize wananchi against the vice of land fragmentation.
President Museveni expressed happiness that the people of Bundibugyo district in the Rwenzori Sub-Region in Western Uganda, have benefited from increased cocoa production.
He said that on the same note, the people of Buhweju district in South Western Region and those of Kyenjojo district in the Rwenzori area have made good progress through the cultivation of tea.
He also said the people of Kalangala district have equally benefited from their involvement in palm oil production.
He stressed that the development funds that Government has set up will enable wananchi to propel themselves through both agricultural production and value addition regimes.
The Prime Minister, Dr. Ruhakana Rugunda, congratulated President Museveni for the massive elections victory that he recently scored.
He reported that there has been improved Government performance that he partly attributed to the reviews that have been conducted by the NRM Government.
The Minister in Charge of General Duties, Office of the Prime Minister, Prof. Tarsis Kabwegyere, revealed that the 54 parastatal organizations will also be evaluated adding that the target was to have the private sector as a partner with the Government.
He reported that there is low staffing at the Local Government level.