Uganda’s long serving President Yoweri Kaguta Museveni revealed Tuesday that he is yet to think about relinquishing power despite several calls from the public.
Museveni while opening a retreat on industrialisation at Office of the Prime Minister told the nation that Uganda is ready for takeoff stage and most of the factories should be agro-based, which is the only way for government to create jobs for the youth.
The youth in Uganda constitute the biggest number of the population and majority are languishing on Kampala streets seeking for jobs. They have since become an easy target for those opposition politicians fighting to unseat Museveni from power.
These opposition fanatics have radicalised and indoctrinated the youth who currently perceive Uganda as a failed State and unable to settle their plight.
But Museveni in his Tuesday address raised hopes after listing over 100 industries which are being established.
Most of them are funded by investors while others are government aided.
The President again told officials that his agreement with the investors is to employ majority of Ugandans in their factories as a means of reducing the unemployment.
Against that backdrop the NRM kingpin narrated a story how he denied an Indian investor who had approached him to erect an iron ore processing industry in Western Uganda.
Museveni defended his position of rejecting the investor saying that he was aware the ill motives of ‘looting’ the country’s mineral.
“This investor approached me that he was to mine iron ore in Kanungu. He told me that he will buy every truck of soil only $47, I rejected,” Museveni said.
“I told him and the government officials who had brought him to me that I am still here as the President of Uganda. If he wants to buy that land he will do it next regime. But for now I am still here,” he added, arousing wild applause from the audience.
Museveni explained that having rejected this investor, he has since established that the area in Kanungu has more iron ore and accepting this Indian to pay $47 would be a bad deal.
Museveni last Sunday addressed the nation on a number of critical issues including energy, health, peace, security, education and infrastructure giving citizens hope that the country was a on a critical development path.