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GOVERNMENT LOANS TO GO TO STRATEGIC SECTORS - MUSEVENI : Naava Nabagesera

President Yoweri Museveni has issued a new directive on borrowing for infrastructure, limiting borrowing for only railway construction, electricity generation and irrigation schemes which, according to the President, is “for purposes of streamlining proper national economic growth."

During a meeting with the African Development Bank (ADB) Regional Director in charge of the Eastern Africa, Mr Gabriel Negattu, and some government officials at State House Entebbe, the President issued the directive while sourcing funding for school and infrastructure projects.

He emphasized the importance the railway project as it will link Uganda to regional neighbours such as South Sudan and the Democratic Republic of Congo (DRC).

Mr Museveni also said government will be undertaking the implementation of the construction of 280 Secondary Schools at Sub-County level countrywide estimated to cost between US$60 – US$70 million (about shs250b.)

 “At the university level, focus should be on the construction of laboratories first and then main halls, which are optional,” he said.

The African Development Bank (ADB) Regional Director in charge of the Eastern Africa, Mr Gabriel Negattu, agreed with the President’s directive on grounds that borrowing ought to be directed towards strategic sectors in the economy.

He also went on to advise government on the need to think broadly beyond Uganda while planning for infrastructure development.

“Think beyond Uganda and go to East Africa in order to create a centre for development and economic excellence in the region for the future,” he added.

The Permanent Secretary for the Ministry of Education and Sports, Mr Alex Kakooza, who was in attendance, said 134 out of the 280 Secondary Schools will be newly built, with the rest requiring only refurbishment.