Addressing over 400 party supporters at a dinner on Tuesday night at Kampala Serena Hotel, Museveni introduced the Masindi 20th February Account No. 0121152263500 at the Housing Finance Bank where contribution would be deposited.
This is the first time in over two decades that NRM is thinking of investing in such a project.
As of now, the party rents a dilapidated structure in Nakasero as its headquarters.
He said the account was in memory of the decisive attack on the Kabamba army barracks in 1984 in which 27 youthful revolutionary soldiers he led turned a new page in Uganda’s history to usher in peace, freedom and development after decades of war and dictatorships
During the dinner, Shs2bn was raised in pledges.
Trade Minister Amelia Kyambadde, who doubles as the head of the newly inaugurated NRM Finance Commission and party treasurer, is in charge of monitoring progress of fund mobilization.
The Movement House will be a 27 storied building to symbolize the 27 armed men who ran over the barracks, according to Museveni and it will also mark 27 years next year of the NRM party rule in Uganda.
The account had already accumulated two billion shillings in private contributions, making the total contributions of four billion shillings.
The Secretariat needs sh30b for the Movement House that will constitute conference facilities, shopping complex, Roof Garden, theatres and also host the NRM offices. It is billed to be the tallest building on completion in two years.
No cash will be collected as members will either write cheques or deposit directly on the account and keep proof of deposit.
“When discussing these issues, some other ideas came up. Why don’t we have our members as shareholders? The first building can be a donation to the party, then we use the same formulae for the second building in which the party owns half and the other half is for shareholders and the third building for our shareholders etc,” said Museveni.
“This is an easy way of accumulating wealth for our party to become a powerhouse, because whatever we want to do, we can do,” said Museveni.
He added that at one point they wanted to invest in a modern abattoir building that cost about 20 million dollars but they could not raise the money.
“But with this capacity, we can raise money to build an abattoir for our incomes. Some of our politicians these days get into problems by mortgaging their houses for politics. This is madness, it shouldn’t happen. This effort will not only support the party, but support our country economically and support our members,” he said.
After a detailed history of the NRM struggle and its funding background, President Museveni said after successfully building the Workers House using NSSF money worth 15million dollars, he came up with the idea of the Movement House using the same formular.
“During elections, I get over 5 million votes. If as a party we got only 100,000 of our supporters to contribute sh300, 000 each. That would be sh30b enough for the building,” he said.
NRM Secretary General who is also the Prime Minister Amama Mbabazi gave a detailed overview of the future plans for the party including consideration for investing in Hotels, shopping malls, water parks – a complex that he says will be one of the biggest in East and Central Africa.
The Chairperson Finance Commission Amelia Kyambadde said the party is embarking on a new revolution in the history of Uganda.
“All of you have contributed to the fundamental change in Uganda. This is your sweat. Now we need to consolidate our achievements by contributing towards this monument,” she said.