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Abed Bwanika; The Ugandan Economy Was Already Going Down E...

Ugandan Economy Was Already Going Down Even Before Pandemic- Abed Bwanika

The MP for Kimaanya Kabonera in Masaka Hon Abed Bwanika has come out to say that the COVID-19 pandemic is being used as a scapegoat for the detoriating economy in Uganda.

This is because the economy was already spiraling down even before the emergence of the pandemic.

Bwanika however concurred with President Museveni saying that the pandemic and Ukrainian-Russian crisis made matters worse. Luckily its picking up again although inflation is becoming the problem now.

“The Ugandan economy was already going down even before the pandemic. The pandemic and the Russia-Ukraine war just made matters worse, but the economy is recovering. Unfortunately, inflation is now picking, and we must be worried about that,” said Bwanika.

Abed Bwanika, a former presidential candidate also said that government should let people to air out their grievances freely. The means they choose should depend on an individual and political party.

He further advised government to create a forum where political party leaders sit to discuss the skyrocketing commodity prices.

Furthermore, Bwanika also highlighted the fact that Uganda has the highest fuel prices in East Africa. And this is brought about by the capitalistic tendency of greed by the dealers.

“Uganda has the highest fuel price so far in the East African region, and this is about the mark-up. The dealers are only looking at themselves and how they make profit. They’re not thinking about the Ugandans.”

Besides, the PDP leader said that the country is paying for the mistakes made in the past. Therefore there are some crucial issues that need to be tackled in the short run for the economy to survive.

Bwanika also said that the Ugandan debt burden is on the rise. This means that economic hardships will continue. And as a country, there is a need to sit down and deliberate on the way forward.

“The Uganda debt is rising, the hardships in the country are increasing. We need to sit and have a conversation that will bring a way forward. You can’t afford to say you’ll do nothing in this situation.”

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About Eninu William

William is the Chief Editor at Newslex Point. He is a creative writer who enjoys exploring new ideas in the journalism space. A good story, he believes, comes with a great deal of research. Coffee and books are his good friends.

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