According to President Yoweri Museveni, government has already invested Shs1.6 trillion in the Uganda Development Bank, which has supported Ugandan farmers and manufacturers in developing major projects that have turned around the economies of their communities.
“Once people have woken up from sleep and they want low cost capital, if Shs100 million per parish per annum or any of the other funds is not enough, we can increase the money by adjusting from other areas,” Museveni said.
While alluding to the NRM 10-point programme, he cited point five that focuses on building an independent, integrated and self-sustaining national economy, which he said prompted the introduction of revolving funds at sub-county level.
“I studied the whole country and recommended intensive agriculture for people with small pieces of land and extensive agriculture for people with big pieces of land. In 1996, we reduced it to the 4-acre model but the logical question was how the cashless people could start,” the President noted.
Museveni made the remarks while delivering the State of the Nation Address at Kololo ceremonial grounds on Thursday, 04 June 2026, that marked the official start of business for the 12th Parliament.
He told Legislators that wealth creation initiatives in the agriculture sector through dairy, coffee and tea farming among others, have been made possible with the prevailing peace, law and order, as well as improvement in road infrastructure to facilitate easy movement of goods and services.
The President cited on-going works to revamp the meter-gauge railway and build the standard gauge, adding that liaison with Kenya and Tanzania will also facilitate development of oil pipelines for crude and refined petroleum products.
“This will move heavy cargo away from the roads to the railway and the petroleum products from the road to the pipeline. That leaves the roads for only passengers and light cargo,” Museveni said.
He noted the need to grow external markets to enable Ugandans extend their wealth creation avenues across national borders, hinting on countries with big populations like China and India, which depend heavily on foreign markets.
“The Pan-African agenda aimed at economic integration of Africa in a continental market for the prosperity of Africans, whereas political integration within East Africa would deal with the strategic security of the continent. For wealth creators of Uganda, most of these factors are in place, that is why we are saying ‘no more sleep’,” Museveni added.
Museveni urged legislators to educate the constituents on available low-interest financing opportunities like the Parish Development Model (PDM) and Emyooga, and support households who have arable land to access such capital.
“There is no more corruption. There is no more politeness towards non−performers. All non-performers must leave leadership. Leadership is not for ego but for the people and the country. In agriculture, it is possible to have pan−Ugandan rural transformation,” Museveni emphasised.
President Museveni also revealed that government will present 38 Bills, policy frameworks, reports and statutory instruments for consideration by the House in the 2026/2027 financial year.
He said these are intended to strengthen governance and facilitate service delivery and development.
The Bills to be presented by the different ministers include;
Distributed by APO Group on behalf of Parliament of the Republic of Uganda.
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