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COMMERCIAL AGRICULTURE KEY TO ECONOMIC TRANSFORMATION

Friday, 24th November 2017
Hon. Matia Kasaija, Dr. Akinwumi Adesina, Amb. Nelson Ocheger and Mr. Nyamajeje Weggoro.
The transformation of the Ugandan econnomy can be realised largely by encouraging citizens to engage in commercial agriculture.

This was stated by the Minister of Finance, Planning and Economic Development of the Republic of Uganda, Hon. Matia Kasaija ( MP). The Minister, who is on the working visit to the African Development Bank (ADB) in Abdijan, the Economic City of Cote D'Ivoire, made the statement in a meeting with the President of ADB, Dr. Akinwumi A. Adesina.

Hon. Matia Kasaija said the climatic changes taking place across the globe have equally affected the weather conditions in Uganda. Thus, he appealled to ADB to suppot government's efforts to promote the use of micro- irrigation technologies in the country.

In his response, Dr. Akinwumi A. Adesina, said the Bank would be keen to partner with Government of Uganda to scale up agricultural production on a zonal basis so as to attract the private sector to establish industries in the rural areas, thereby reducing rural- urban migration.

He added that for agriculture in Uganda and Africa to be transformed, the Bank is prepared to expedite processes necessary to address access to agricultural inputs and technologies.

Other issues discussed and agreed to be implemented include the need to: reduce the cost of power to be produced in Bujagali falls; negotiate a new concession with UMEME; evacuate the 600MW from Karuma and 150 MW from Isimba hydro power dams; and reduce costs and time taken to implement all infrastructural projects.

The meeting was attended by the Ugandan High Commissioner to Nigeria, Amb. Nelson Ocheger, the Executive Director representing Eastern Africa in the Bank, Mr. Nyamajeje Calleb Weggoro and officials from the Bank and Government of Uganda.


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