Leaders must supervise the distribution of funds allocated under the Youth and women’s funds and the Microfinance fund to ensure that it benefits the right people and for accountability, President Yoweri Museveni has said.
The President who is also Presidential flag bearer for the National Resistance Movement (NRM) party, was today speaking at a campaign rally held at Mijali Village Boma grounds, Yumbe district town council said that the lack of supervision by Chief Administrative Officers, Permanent secretaries, Members of Parliament (MPs) and District Resident Commissioners (RDCs) was stalling the microfinance fund.
The President said that the money distributed under the microfinance fund is a trust loan, therefore the youth are not supposed to provide security when they want to access the money. “The money for the youth fund and microfinance is not money from the commercial banks. Loans under the youth and women fund are character loans given because of loyalty after recommendation from colleagues,” he explained.
Mr. Museveni also revealed that before Major Ali Bamuze’s death, the two had discussed plans to renovate Lokopyo Hill Technical School. He also promised that government would construct the Abikina power station to boost the electricity supply in the region.
Over 300 members from the Forum for Democratic Change (FDC) led by Aluma Twaha, the Chairperson FDC Yumbe Town Council pressure group crossed over to the NRM party saying that have seen good things coming from the NRM government.
Mr. Museveni called upon the residents of Yumbe district to vote for the NRM party saying that it was the only party that can run Uganda peacefully.