The Northern Uganda Youth Member of Parliament, Dennis Obua has hailed the Uganda 2010/11 budget for allocating funds to fund school leavers saying it will help reduce the problem of unemployment.
MP Dennis Obua
The Uganda Minister of Finance, Planning and Economic development, Hon. Syda Bumba while reading the Uganda 2010/11 Uganda budget at Kampala Serena Hotel indicated that government has allocated money to fund school leavers to help in training and provide capital to start businesses.
The minister indicated that the government has already allocated 4 billion Uganda shillings for the loan scheme to graduates and Uganda shillings 2 billion to pay companies train graduates.
Bbumba said the fund to be managed by Uganda Directorate of industrial training will also help graduates set up businesses and train graduates to prepare them for job market.
Obua says the initiative is a good way to help Uganda youth become self reliant since it will help them get through the job market and promote the culture of entrepreneurship.
According to a 2008 World Bank report, Uganda has the highest youth unemployment rate and the youngest population in the world.
More on the Uganda 2010/2011 Budget Speech delivered by Finance Minister Syda Bbumba