President Museveni has advised youth to desist from waiting for jobs in the sector and urged them to concentrate on wealth creation.
Museveni made the remarks yesterday at the passing out of Youth entrepreneurs from Ntungamo district.
A total of 11,735 youths under the ‘Free and Rich program’ were passed out at the function held at Kyamate Secondary School.
“The public service sector has no wealth and there are few job,” he said.
Museveni said youth should youth acquire skills that are marketable; they can create employment for themselves and for others.
“We have taken time to tell people about wealth creation but people think it is cheap politics and mere talking. Wealth is found in four sectors: commercial agriculture, factories, services and the Information Communication and Technology sector. Wealth for one person means jobs for other people,” he said.
He noted that government would increase funding to the wealth funds so as to chase poverty in the country and advised the youth to task their elected Members of Parliament to promise to increase funding to the wealth creation funds.
“There are four wealth creation funds: NAADS, Women Fund, Youth Fund and Microfinance fund. You should ask the MPs to promise to increase the funding to the wealth funds before they start asking for salary increases, “Museveni said.
He added; “We are going to prioritize the wealth funds as we did with the electricity and road funds. We are going to put 1000 billion shillings in NAADs from 200 billion shillings. The youth and women funds will each get 234 billion while the microfinance fund will get 180 billion shillings,” he said.
The youth were empowered with business and entrepreneurial skills by coordinators through workshops held daily in every Sub County, parish and cell in Ntungamo district.
Free and Rich Uganda is an initiative that was started by the First Lady and Minister for Karamoja Affairs, Mrs. Janet Kataaha Museveni to help the youth in Ntungamo acquire entrepreneurial skills and start businesses to create employment opportunities and also fight poverty.