The call is made by the president of the Uganda farmers’ federation Charles Ogang.

He says they have received a number of complaints from farmers in the districts of Buliisa, kiryandongo and Hoima among others about the unfair payments for their land.

Ogang says in some areas farmers have been compensated for only the land without considering the crops that were destroyed.

Ogang says resettlement schemes for farmers should be undertaken by government to find new fertile soil that can support agriculture.

The post Farmers want to be compensated over oil exploration activities first appeared on Uganda Multimedia News & Information.

oil drilling in western Uganda

With Uganda yet to starting drilling and selling oil with the government ready to bag more revenue to increase the country’s resource envelope, the governor of the central bank Emmanuel Mutebile is advising the government to invest oil revenue in activities that will generate revenue in future.

According to Mutebile, oil is one of those resources that gets finished and if the revenue collected from the resource is not fully put proper use then the country is likely to go to scratches and asking for donation.

Mutebile also tasks govt not to keep oil money in foreign countries sayingit should be kept in Uganda since we are still a developing country which can call for its money in case we need it.

However, he reveals that the central bank is currently in discussions with government on how to finance govt expenditure which will see the bank go to the reserves to finance the budget a thing which was last done in 1992.

Ultimate Media

The post Uganda advised to invest oil revenues in future income generating projects first appeared on Uganda Multimedia News & Information.