Uganda’s Money Economy Sees Significant Growth: 67% Now in Money Economy
By The Public Lens
President Yoweri Kaguta Museveni revealed that 67% of Ugandans are now part of the money economy, according to the latest national census data.
This leaves only 33% of the population outside the money economy, which Museveni attributed to laziness.
The President credited initiatives like National Agricultural Advisory Services, Operation Wealth Creations, and Parish Development Model for this achievement.
Uganda’s economy is projected to reach $57.5 billion by June 2025 and $500 billion by 2040.
Museveni highlighted the importance of adding value to local products and utilizing petroleum resources to fund infrastructure development.
He emphasized patriotism and unity, cautioning against divisionism based on religious and tribal differences.
The President also discussed plans to promote regional cooperation and end Africa’s reliance on raw material exports.
Museveni commended Gen. Muhoozi Kainerugaba for streamlining the Independence Day parade.
The 62nd Independence celebration was attended by dignitaries, including the President of the Central African Republic, Faustin-Archange Touadéra.
