It is the plunder of nation�s resources that breeds poverty
In reference to Mr Moses Byaruhanga's opinion article, "Make Poverty History campaign can succeed if protectionism is eliminated", The Monitor, Feb 10, 2005. Byaruhanga stressed the key causes of poverty in Africa as: Exportation of raw materials, protectionism by the rich industrilised countries, low levels of consumption and investment. He also castigated foreign aid, asserting that it doesn't help to solve Africa�s economic problems.
Taking a case study of Uganda, poverty is highly prevalent because of: robbery, corruption and plundering of resources that are meant for the common man.
Poor planning and resource misallocation for instance: The biggest percentage of Uganda's population derives its livelihood from agricultur, and this is where the government is expected to expend maximum efforts, since it is Uganda's backbone.
But
it�s highly lamentable that the government channels most of the resources to the defence sector only to the comfort and enrichment of senior UPDF officers, while the common man is left to languish, yawn and pant in massive poverty.
More so, credit facilities should be extended to the common man regardless of his or her social, political, and ideological inclinations at very low levels of interest rates to enable them initiate income-generating activities.
James Tibwita
Kampala
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