President Museveni has dismissed claims that the Emyooga presidential initiative on wealth and job creation has failed to take off while addressing the country on Saturday evening, the president said the program was introduced to benefit people in the artisan world who had not benefitted from Operation Wealth Creation (OWC)and National Agricultural Advisory services ( NAADs) that mainly targeted those dealing in agriculture.
“I have been seeing people say all sorts of things. Some people have been saying that it has not had impact but it (Emyooga) has registered commendable progress,”Museveni said.
While giving details of the implementation of the program, the president said government injected shs260 billion as seed capital, noting that by July 2021, shs2013 billion had been dispersed representing over 81% of the planned disbursement.
He also noted that by June a total of shs27 billion had been saved by SACCOs all over the country.
“This is impressive and gives signals program will continue in the future. Emyooga is a very good idea. It will work since it creates a residential bank for these people. I have been told of a few cases of indiscipline but asked minister to deal with them.”
The president asked leaders to support the program.
Museveni’s comments come on the backdrop of findings by the parliamentary Covid task force that said there were glaring discrepancies in the expenditure of Emyooga funds. The deputy Speaker of Parliament, Anita Among has since asked legislators to investigate the implementation