Uganda Government Refuse To Intervene In High Living Costs
May 23, 2022 ·
50s
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Description
Ugandan President Yoweri Museveni says his government will not intervene in the current economic situation amid a rising cost of living. Mr Museveni says that government subsidies or the removal...
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Ugandan President Yoweri Museveni says his government will not intervene in the current economic situation amid a rising cost of living.
Mr Museveni says that government subsidies or the removal of import taxes would collapse the economy.
He says there would be a haemorrhage of dollars from the national reserves for the purchase of those expensive products.
Mr Museveni said Uganda will need to frugally use the imported items it can afford.
He advised citizens to substitute expensive wheat with locally available food such as millet, maize, green bananas and cassava.
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Mr Museveni says that government subsidies or the removal of import taxes would collapse the economy.
He says there would be a haemorrhage of dollars from the national reserves for the purchase of those expensive products.
Mr Museveni said Uganda will need to frugally use the imported items it can afford.
He advised citizens to substitute expensive wheat with locally available food such as millet, maize, green bananas and cassava.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
| Tags |
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