Summary: Address To Mark The 38th NRM Victory Day Anniversary – Museveni

In his address marking the 38th NRM Victory Anniversary on January 25, 2024, President Yoweri Museveni of Uganda expressed condolences for the loss of Hon. Cecilia Ogwal. He commended Uganda for hosting the 19th NAM Summit and Third South Summit of G77 and China. The President highlighted Uganda’s resilience amid challenges, including the COVID-19 pandemic and ADF terrorist incidents.

Economic growth was noted, reaching UShs. 184.89 trillion in FY 2022/2023. Sectors like services, agriculture, and fish activities contributed to this growth. The President expressed optimism for Uganda’s economic outlook, driven by supportive policies, infrastructure investments, and regional trade growth.

Trade-wise, Uganda experienced increased exports, especially in gold, coffee, and maize. The President emphasized the importance of expanding global exports for economic prosperity. The government aims to grow GDP to $500 billion by FY 2024/25, focusing on factors like access to global markets, increased productivity, and specialization.

Tourism inflows grew, reaching $1,066.41 million in FY 2022/23. Efforts to increase tourism receipts to $5 billion by 2028 were highlighted, along with addressing stereotypes about Uganda. Remittances, foreign direct investment, and job creation also saw positive trends.

The President discussed the Parish Development Model, emphasizing its role in bottom-up growth. Oil and gas development, knowledge-based economy initiatives, sustainable energy, industrialization, and human capital development were outlined as key priorities.

Security measures, including anti-terrorism operations, were underscored to ensure Uganda remains peaceful and secure. The President concluded by assuring everyone, including visitors and investors, of Uganda’s commitment to being a peaceful, secure, and prosperous country.

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