Home » News » Uganda news » President Museveni To Address The Nation On Sunday About High Commodity Prices
President Museveni Addresses Nation During Uganda Martyrs Celebrations

President Museveni To Address The Nation On Sunday About High Commodity Prices

President Museveni is expected to address the nation on the high commodity prices on Sunday. Linda Nabusayi, the Senior Presidential Press Secretary, said the head of state’s address will be at 8 pm.

“President Museveni will this Sunday, May 22, 2022, at 8 pm address the nation to update Ugandans on the current economic situation. The address will be broadcast live from Nakasero State Lodge,” Nabusayi said on Thursday morning.

A number of people have been longing for this to at least know a way forward. Prices of commodities have shot high that some people can’t afford them anymore.

For commodities that have alternatives, some have resorted to such. A bar of soap is currently 10,000 in some places and a litre of cooking oil is above 9,000. Many have attached the increase in prices of these commodities to the Russia-Ukraine war.

Meanwhile, Ramathan Ggoobi, the Ministry of Finance Permanent Secretary, recently said government will not do anything about the skyrocketing commodity prices.

“We are not going to subsidise anything. Subsidies don’t work and that is bad economics. Those who have done it have faced problems. Subsidies tend to take money to wrong people and not those you intend. The mafia can organize and take all money for subsidies,” Ggoobi said.

However, now that President Museveni is going to talk about it, will the government do something about it? The prices of basic commodities is nowhere close to the earnings of most Ugandans which has forced many to forego certain things.

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards




About Suubi Anne


Check Also

Embracing The Upcoming Census A Call To Unity And Objectivity

Embracing The Upcoming Census: A Call To Unity And Objectivity

In an era where politics often permeate every aspect of our lives, it is crucial ...