BusinessNewsPoliticsTechnology

M7 happy with the youths’ effort on Wealth Creation

President Yoweri Kaguta Museveni has said her is happy to note that the youth have started waking up to what must be done to achieve economic development. This was during the 3rd Uganda Youth Business Forum at the Commonwealth Resort Munyonyo where the president was represented by Minister of Science, Technology and Innovation Hon. Elioda Tumwesigye.
Through Hon. Elioda, the President said he was happy to note that  the Youth  have started waking up to what must be done to achieve economic development and create wealth and jobs for our growing population and that this must be encouraged and extended to all parts of Africa.
He said there are two players in an economy: the consumer and the producer and he called on the Youth to focus on producing for the market.
“The bigger the market, the greater the profits they will get”.
The president said this is why the NRM is for Pan Afranism and for the market and political integration of Africa.
He said therefore that those who fragment people by emphasizing identity on the basis of tribe, religion, region etc are enemies of progess. He informed the youth of the recently signed African Continental Free Trade Agreement (AfCFTA).
H.E M7 told the Youth that the role of government is to create an environment in which the private sector can flourish and that as a result of that correct strategy by NRM, now we have enough electricty to support industrialization;  one can move on a tarmacked road from border to border; the country is largely peaceful and stable; schools and hospitals have been built etc.
“We have electricity, why should we continue importing from outside what can be locally manufactured and especially when we have raw materials to produce many of the things we are still importing,”he added.
He concluded by calling on young people to equip themselves with the knowledge of what needs to be done to transform their families and our country quoting the book of Hosea chapter 4, verse 6: ” My people are destroyed for lack of knowledge”. He said one should not have any excuse for remaining ignorant when helpful knowledge is floating around. Prosperity lies in trading more, by accessing bigger markets and creating the right atmosphere for investment. At the same function, The State of the Youth Report in Uganda: Assessing Government’s Investment in young people was launched.
The Forum was organized by the Uganda Parliamentary Forum chaired by Hon Ann Adeke Ebaju and sponsored by Parliament of Uganda, Commonwealth Foundation for Democracy, Housing Finance Bank and others.

Leave a Reply

Your email address will not be published.

Back to top button