back to top
HomeNewsUPC Alerts Govt To Be Cautious On Her Move To Monopolize Oil...

UPC Alerts Govt To Be Cautious On Her Move To Monopolize Oil Imports

Published on

- Advertisement -spot_img

Uganda People’s Congress (UPc) party has cautioned government of Uganda on her decision to Monopolize and reclaim Oil imports.

This comes after the energy minister hon.Ruth Nankabirwa recently tabled a bill in parliament from cabinet where government is going to be buying bulk petroleum products under Uganda national oil company (UNOC).

UPC spokesperson Sharon Ayat Arach while addressing the media at Uganda House on Wednesday revealed that the move requires the capacity to deliver at a national level, which is not an easy undertaking and thus the line ministries of Finance and Energy which are the key stakeholders and Uganda National Oil Company have to be more focused and
ready to steer the country forward which UPC says is such a huge task to them.

She added  that anything sort of untimely delivery of fuel in the
country is bound to plunge the economy in deep waters and yet recovery can be very much difficult.

Ayat went on to say that such move was first brought by former president Milton Obote while officiating labour celebrations at Nakivubo stadium in 1970 but it didn’t materialize as he was overthrown by Idd Amin the following year.
“To a lay man, the cost of buying fuel directly from bulk suppliers is good economics and makes a lot of saving, but our challenge has been the capacity to deliver on government policies as our institutions are weak and have to grapple with challenges of personal
interests and corruption”,she said.

 

Related

Beauty, Glamour & Grace: 26 Contestants Unveiled for Miss Uganda 2025 Crown!

Kampala, Uganda: The Miss Uganda beauty pageant entered a decisive phase on Friday night...

Ugandan Private Sector New Order Growth Sustained In July

Buoyant demand during July prompted firms to increase their purchasing activity and hire additional...

Big Size: All Set For Legendary Bebe Cool’s Break The Chains London Playback Event At Masq London Bar& Restaurant

Singer Bebe Cool kicked off his European leg of the Break the Chains media...

Uganda To Host 15th Brand Africa Awards, MTN CEO Sylvia Mulinge To Deliver Keynote Address

Uganda is set to be the centre of Africa's branding and marketing world...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Uganda Adopts Kiswahili As Official Language

Uganda has adopted Kiswahili as an official language, a top government official said on...

Minister Kasolo In Hot Soup Over Alleged Orungo Voter Attacks Accused Of Orchestrating Violence Fo Intimidate Opponents in NRM Primaries

A political storm is brewing in Orungo sub-county after shocking allegations emerged linking Uganda’s...