M7 Issues Warning On Oil Talk


approved geneva; font-size: small;”>He has instead urged them to concentrate on sectors that earn more money like agriculture, industry and tourism.

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The President was yesterday speaking at the end of the year thanksgiving service that he and his wife, Mrs. Janet Museveni, organized at State House Entebbe.

The debate on corruption in the nascent oil sector has of late taken centre stage on Uganda’s political arena with economists fearing the country could face economic meltdown due to high expectations in oil revenue.

Uganda expects to reap at least Shs2trillion per annum from oil when the drilling kicks off.

While wishing all Ugandans a merry-Christmas and a happy, prosperous new year, Museveni said that the oil revenue that will act as the country’s financial capital will be used for the development of infrastructure, such as electricity, roads, building railway-lines and scientific research, among other priorities.

He, therefore, cautioned some people in our society who are intoxicated with the oil exploration exercise, to calm down as polarization of the issue will only bring about more confusion among the public.

Museveni described people who talk all the time about the oil resource as lazy ones and who don’t want to work.


He cited countries, like Japan, that don’t have oil but are prosperous due to their industries and Spain whose tourism sector alone earns that country more than US$25 billion annually.

The President, who was happy with the ecumenical composition of the groups of worshipers, as Muslims were also represented, also announced the introduction of the Infrastructure Fund that will be supported by investors for the construction of toll roads like the 4-lane road proposed to be built between Kampala and Entebbe.

He added that other factors that will help the people of Uganda to realize development include scientific inventions such the electric car made by Makerere University scientists and the regional markets.

He was, therefore, very optimistic that once political indiscipline by some political actors is controlled and the people remain focused, Ugandans will certainly achieve their dream of development after meandering for a long time like the Biblical Israelites who spent 40 years in the desert looking for the Promised Land.


Prayers and sermons of the occasion were presented by various religious leaders and the laity including First Lady Janet Museveni, who in her closing prayer thanked God for enabling Ugandans to overcome trying challenges in the country. She also thanked God for the rain, food, sunshine and the oil saying the mineral was a blessing to all families in Uganda.

Janet further prayed to God to bless Ugandans as they look forward to celebrating 50 years of national independence next year 2012 but invoked the Almighty to help the people of Uganda overcome evil, corruption, selfishness and hatred that stop Ugandans from helping others.

Bishop Emeritus of North Kigezi Diocese, the Rt. Rev. Dr. Edward Muhima, thanked President Museveni and his wife for being consistent in organizing annually, thanksgiving prayers, saying God must be praised for that because very few leaders worldwide do the same.

The Bishop, however, strongly cautioned Ugandans not to forget very fast the turbulent days of the dictatorial regimes in the country, where we came from, where we are today and what we want to achieve in the country.

The clerics called on all Ugandans to work hard and thank God for the beautiful weather, climate, natural endowments and the peace that was ushered in the country by the NRM government, under the leadership of President Museveni.

Chief Justice, Benjamin Odoki, the Prime Minister, his Deputies, Parliamentary Deputy Speaker, Jacob Oulanya, Religious leaders, MPs and members of the diplomatic corps, among others attended the occasion.


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