Opondo: NRM money won’t cause inflation


The NRM deputy spokesperson, Mr Ofwono Opondo says the money the ruling party is spending has no negative effect on the economy.

Opondo was responding to a survey which shows NRM presidential candidate, Yoweri Museveni, has spent Shs27bn on his 2016 campaigns in two months [Shs4.8b in November and Shs22.2b in December, 2015 in 16 districts] representing 91.6 per cent of the Shs29.6b spent by all the candidates in total.


Go Forward presidential candidate, Amama Mbabazi, on the other hand has spent a total of Shs1.3bn or 4.6 per cent in the same period.


Forum for Democratic Change [FDC] candidate, Dr Kizza Besigye, spent a total of Shs976m or 3.3 per cent.


According to the survey, Dr Abed Bwanika spent Shs34,311,000, Prof Venansius Baryamureeba Shs95,732,000, Maureen Kyalya Shs5,692,500 and Joseph Mabirizi Shs26,486,000.

Appearing on NBS TV Friday, Opondo said he would only be unhappy if it emerged that Central Bank is printing money for elections.

“It is true that NRM is outspending other parties. It is true that we spent over UGX32b during NRM primaries,” he confessed.

He said NRM’s fundraising drives are ongoing and so far, they got a contribution of 300 heads of cattle for delegates conference.

“We spent a lot of money during delegates conference but much of it was contribution from supporters.”

“We are spending the money locally. We are buying t-shirts, water, paying musicians, hire cars from Ugandans.”

Opondo said it would only be bad if money was coming from wrong sources.

Most of Uganda’s analysts are not credible, he noted, especially those who come up during election period.

“There’s no evidence that money being spent by political parties is causing inflation pressure.”

According to Opondo, there is going to be a spike in expenditure as we near Election Day, especially by parliamentary candidates.

“I would be worried if the money NRM is spending during campaigns was as a result of money laundering/robbery.”

He says NRM has raised over UGX16b in two fundraising drives; during nomination period, we raised over UGX8b.

“NRM also took UGX10b of UGX20b that government gave to political parties represented in Parliament. Money NRM is spending is coming from the economy and its supporters, mainly business people.”

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