President Yoweri Kaguta Museveni Tibuhaburwa has applauded Oil Palm Uganda Limited (OPUL) for its transformative agenda.
Addressing thousands of Oil Palm Growers under their umbrella body Kalangala Oil Palm Growers Trust (KOPGT) at Kibanda Primary School grounds on Friday, a jovial Museveni revealed that he does not regret encouraging islanders to embrace oil Palm Growing.
“Initially when these investors came here,some doubting Thomas’ did not believe how developmental these investors were but as time went by,their actions exonerated us and as they say,the rest is history”, Museveni happily said challenging other islanders moreso those from Kyamuswa County to embrace Oil Palm Growing sooner than later.
At the same function,Museveni received a UgX50,195,000,000 billion Dummy Cheque from Oil Palm Uganda Limited’s General Manager-Damanik Saridin and C.E.O Africa Plantations Chin See Siong arising out of 10% of Government of Uganda’s Shareholding in Oil Palm Uganda Limited where the President directed that let this money be used as a revolving fund in addition to purchasing a ferry to carry farmer’s produce.He directed that these dividends should not be used for social services as had been proposed by earlier speakers since his government is responsible for such.
Flanked by Ministers Aisha Ssekindi (State for Water), Fred Kyakulaga Bwiino (State Agriculture) and Gen.Edward Katumba Wamala (Works & Transport),Museveni noted that prior to coming to Kibanda Primary School,he had visited elder Tabitha with 4 acres and Ssesanga with 12 acres of oil Palm and that the duo were annually collecting close to UgX60m and UgX90m respectively courtesy of the miraculous crop thereby attracting his attention.
Museveni also asked Ugandans in gazetted oil Palm areas to support this project like in Sango Bay and other areas such that the investors realize their dream of over 100,000 hectares to help them attain their target.
“Due to lack of land,these people went to Nigeria where they acquired over 200,000 hectares of land for oil Palm.This is contrary to our meager 10,300 hectares that they currently occupy which represents 20% of oil being produced here with the 80% being imported from Malaysia”, he decried revealing that after COVID 19,Malaysia changed about exportation of its oil.
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