Citizens:
this, fellow citizens, is yet another Museveni's move to "buy" Ugandan members of
parliament. He realizes that are important bills due for debate ( such as the
refrendum Amendement bill) coming up soon before MP's...so what does museveni
do..He tries to hoodwink MP's with a cheap promise to hand out "goodies"( at the
xpense of Uganda Tax payers) to the MP's . He hopes that the MPs would in turn reward
the Movement by passing the amendement bill !
MK
to
Museveni Promises to Give MPs Money
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The Monitor (Kampala)
July 17, 2004
Posted to the web July 16, 2004
Richard Mutumba
Kampala
President Yoweri Museveni has promised to boost the MPs' savings scheme with funds
from the Treasury. "I will discuss with the Minister of Finance and see how the
Treasury can boost your savings scheme. There is some money somewhere, but I need to
discuss the matter with the Minister," Museveni said.
He was launching the Parliamentarians Co-operative Savings & Credit Society Limited in
Kampala on Thursday . Lt. Gen. Elly Tumwine is the chairperson of the society, which
has so far pulled over Shs700 million.
The President advised MPs not to use their savings as a political fund, saying the
State can take care of the political projects.
He advised Ugandans to stop being extravagant when they are still poor.
"When you emphasise too much consumption, your savings will dwindle. I am totally
opposed to extravagance," he said.
He said cumulative saving would be the way forward for Uganda. He said the culture of
saving was still lacking in Africa, yet capitalism in Europe was built through
cumulative savings. "That is why sometimes I am not worried about donors. We can
borrow internally instead of borrowing from abroad all the time," he said.
"But when I see people drinking alcohol every day, I wonder whether they realise the
danger and whether they have something to save for their retirement," he said.
Museveni said Indians expelled from Uganda are now millionaires yet the Africans who
took over their businesses are poorer. He said this is caused by the culture of
extravagance.
On the co-operative movement in Uganda, Museveni said the trouble in the past was the
bad relationship between members and the leaders. He said it was exacerbated by
illiteracy.
"We are now beginning to address the pitfall of co-operative societies, and you are
the right group to form co-operatives," he said. He advised the MPs to invest their
savings wisely by seeking the advice of experts. "Avoid making bad investment
decisions," he advised.
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The society which has been in existence for a year, boasts 177 members. These include
MPs, Parliament staff and members of the East African Legislative Assembly from
Uganda. Members can borrow up to Shs10 million in a year with a monthly interest of 3
percent.
As to whether public funds could be used to boost a private group like the
Parliamentarians Cooperative Credit and Savings Society, State Minister for Finance,
Mwesigwa Rukutana said there was no problem.
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