The government’s commitment to bringing the bulk of Uganda’s population into the money economy has been reaffirmed by President Yoweri Museveni.

By converting households from the non-money economy to the money economy, President Museveni said that the government is devoted to generating wealth and jobs.

President Museveni said that the Parish Development Model (PDM) is the unquestionable solution to hasten socio-economic development in order to accomplish this goal.

According to this strategy, 39% of households, the majority of which are subsistence farmers, will transition from the non-monetary economy to the monetary one.

On Wednesday at Kololo Independence Grounds, he made this statement while delivering the State of the Nation Address to Parliament.

He asked Ugandans to adopt the PDM in order to transform their economy.

The modernization of agriculture, industrialization, enhanced service delivery, and utilization of contemporary communication technology, he claimed, will raise incomes, enhance quality of life, and end poverty at the home level.

President Museveni pointed out that some individuals have misused the program’s good intentions.

“When I traveled to several regions of the nation, I learned that some PDM funds had been distributed to individuals who were ineligible. Public officials and politicians are included in this. Occasionally, a small group of wealthy individuals join SACCOS and grab all the monies made available for the entire Parish. Numerous offenders in the Acholi Zone have been taken into custody by the State House Anti-Corruption Unit, he claimed.

During his upcoming upcountry tour, he vowed to crack the whip on all the unscrupulous officials misusing PDM funding.

“Thieves, beware; I’m coming to all the other zones. I visited Masaka as well, where I discovered some potential prisoners, President Museveni remarked.

President Museveni stated that the implementation of E-government systems will be prioritized in the battle against corruption in order to ensure accountability and openness.

“Using the computer eliminates these meetings between government officials and businesspeople in hotels,” he remarked.

He continued by saying that the government would increase its spending on energy production in the near future to meet the 15% annual growth in demand.