President Museveni tasks MPs to support local industries

President Yoweri Museveni has tasked NRM newly elected Members of Parliament to support government in boosting local industries, especially for those dealing in final products.

The President who is also the Chairperson of NRM made the remarks while addressing newly elected NRM MPs who are in a retreat at the National Leadership Institute in Kyankwanzi District.

According to Museveni, industrialisation is very a fundamental sector in fostering social economic Transformation and better lives of every Ugandan. 

"I therefore request you while in Parliament to support me in attracting investment for industries especially for those dealing in final products that can be consumed locally or be exported to other countries," Museveni requested MPs.

According to Museveni, this will help to improve balance of trade with other countries as well as create more  employment opportunities for the youths which will foster the growth of the economy.

 

The President also hinted on efforts by government to  get rid of subsistence agriculture where homesteads only grow for  the stomach instead of money as his biggest  problem so far. Once subsistence is dealt with, President Museveni believes that lives of ordinary Ugandans will  improve. 

In the 2021/26 manifesto, President Museveni and his new government have promised to focus on four big sectors which include services, Commercial agriculture, industrialisation and Information Communication Technology(ICT).

Museveni says that mentioned sectors are interconnected and should not be fragmented. He implored MPs  to plan and implement them hostically to attain social Economic Transformation.

"Iam convinced that unlike other countries that are constrained to engage in some sectors like agriculture, Uganda has all favourable conditions to engage in the four sectors," Museveni said.

 

Last week, President Museveni told MPs that government has so far establised more than 20 industrial parks in various parts of the country and thousands of industries are already  manufacturing several products.