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President Museveni has urged Ugandans to develop a savings culture if they are to become rich like him.

President Museveni
President Museveni

Speaking at Mbiriizi Township in Lwengo District at the weekend, the President said he was happy that Lwengo residents had woken up and were beginning to take development issues seriously.

“It is important for you to develop a saving culture. When I speak about saving money, I know what I am talking about because I began saving money from the age of 21 years. It is that money that turned me to the rich man I am today,” Mr Museveni said.

Saccos commissioned
He made the remarks at the closure of the Lwengo District Economic Summit and Trade Fair 2014 and also commissioned about 370 village Saccos.
Mr Museveni said it was easy for him to save because he never drank alcohol or smoked.

“I also was not interested in girls. I just waved at the girls from a long distance because I did not want to squander my money on them. These days I hear people talking about increasing my salary but what need do I have for a salary?” he asked.

Mr Museveni also castigated Naads coordinators for being corrupt.
The district chairperson, Mr George Mutabaazi, said the Saccos would teach beneficiaries the importance of saving.

Mr Mutabaazi also proposed that every household should have solar power and an iron-roofed house, adding that Saccos would provide the credit facilities for the developments.

said that since 1995 his government has been telling every farming household to reserve one acre for coffee growing, an acre for elephant grass for zero-grazing dairy cattle keeping, an acre for fruits and another acre for bananas but most people have ignored that advice.

He however blamed NAADS (National Agricultural Advisory and Development Services) for failure of the project “because the NAADS coordinators are corrupt.”

The Monitor