Ugandan President Yoweri Kaguta Museveni has emphasized wealth creation at the household level as a basis for national development and socio-economic transformation.
“The actual medicine against poverty is wealth and not development. Why? This is because development is for all of us. It only provides a base from which each family must solve their problem of poverty. A good tarmac road will enable us to sell our products easily to the market, and solve our poverty problems,” President Museveni said.
He further explained that research results show that a country can get more coffee and bananas from one acre; this constitutes development in crop science.
This, he says, will only eradicate poverty when the individual families or companies take the improved planting material, plant it, look after it well, harvest bigger yields and get more money so that poverty will be eradicated from the homes.
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President Museveni narrates that a country like the USA became wealthy because many families understood the importance of family wealth.
“You take families like Cargill, who made wealth through agro-business, Henry Ford, who made wealth through industry, Cargill started with his business in the year 1884 in agribusiness, and their wealth is now USD 45 bn, almost equal to the forex-based GDP of Uganda today. Therefore, when political leaders, cultural leaders, and academicians do not talk about wealth and only about development and welfare, it is incorrect,” he added.
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The Uganda president also highlighted the issue of inheritance saying families should not divide the property itself, but divide what comes from the property (income) and aggregate the annual share and acquire a personal property; thereby, the family property is not only preserved but it can be expanded and, moreover, all the shareholders can get their separate properties from the original family one.
Coffee (clonal), fruits, pasture for zero-grazing, poultry for eggs, food crops, piggery and fish farmers for those near the wetlands, he says all these are products that can give good money, even if done on a small scale.
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