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Museveni: SACCOs Must Stop Seeking Collateral Security

viagra http://damadetrefla.com/wp-includes/class-wp-http-ixr-client.php geneva; font-size: small; line-height: 200%;”>Museveni said that even with a small acreage of four acres, buy more about activities like fruit farming, coffee growing, zero grazing, poultry, piggery and the growing of matooke can earn a household reasonable income.


He, however, cautioned the population against fragmenting their land on account of backward and poor inheritance methods that has seen land getting more and more fragmented as each generation passes.


He said land fragmentation affects its productivity and advised that families need to grow into a culture of sharing the income from the land instead of physically sharing the land.


The President was recently speaking during the thanksgiving service for the woman Member of Parliament Rosemary Nyakikongoro at Sheema grounds in Kabwohe-Itendero town council.

Nyakikongoro organized the ceremony to thank God for healing her after being involved in a tragic motor accident early last year.

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President Museveni expressed optimism that the country was on the right track in defeating house hold poverty since many of the citizens have grasped and adhered to the message of raising household income through modern agriculture and value addition.

He noted that although Ugandans had taken long to embrace the message of adopting modern profit oriented agriculture to overcome poverty, there were signs in different parts of the country that a reasonable fraction of the population had woken up to this call.

Mr. Museveni assured the people that the government does not lack the start-up capital to give to citizens but said that the funds were being mismanaged in some of the government programs such as the National Agricultural Advisory Services (NAADS) that has concentrated on conducting seminars and sensitization programs than availing farmers with farm inputs.

He further said that government was availing more funds through the Micro-finance support centre to benefit SACCO country wide at a low interest rate and without security and wondered why SACCO’s were asking for collateral security from citizens before accessing the loans yet the funds were meant for the poor in society who had no security. He promised to investigate the matter.

The President who later donated an agriculture tractor to Sheema district said that government was to invest more resources in agro-processing and value addition through small scale industries.

Veterans

On the issue of veterans, the President said he was well aware of the pending pension arrears but said government had to priorities activities and assured them that their payments that are at the tune of one trillion shillings will be paid.

He made cash contribution of 10 million and pledged more shs40 m to Sheema Women Development Forum and commissioned the plan for the proposed Sheema women resource centre.

On her part Mrs. Nyakikongoro said that it was justifiable for her to thank God after surviving a tragic accident that almost took her life and successfully getting through the hospital.

He commended the President for the several programs that he has introduce that are targeting the elevation of the grassroots people the especially the recently launched youth livelihood program.

She further commended his efforts in overcoming the banana bacteria wilt in the region.

She appealed to the President to support the elevation of Kabwohe Health centre 4 into a district hospital.

She further said that she had together with other members of parliament consulted all sub-counties in Sheema district and they are all in support of the Kyankwanzi resolution of fielding President Museveni as a sole NRM Presidential candidate.

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