President Museveni has said he will in the next two years use Uganda’s oil to fund construction of road projects if donor partners fail to raise sufficient funds to fund them.
While speaking at the signing of a Memorandum of Understanding that seeks to bring peace and development in Turkana, West Pokot, and Karamoja, President Museveni told United Nations officials that they have two years to build a road connecting Uganda to Ethiopia, short of which Uganda would fund it using oil money.
The road is expected to connect Uganda to Ethiopia through Karamoja to Turkana’s main oil-producing town of Lodwar, will facilitate trade between the two countries.
Museveni promised that his Oil would be out in two years and he will use the money to build the road himself without donor funding or loans.
“Once my oil comes out in two years, I will build the road myself,” in reference to the UN’s failure to raise money for the road.
Asked whether the President wasn’t being over-ambitious, Siddharth Chatterjee, the UN resident coordinator to Kenya, said these grand plans were necessary to deliver results to those most marginalized communities.
However, the President’s announcement is two years ahead of the 2023 deadline when Uganda, Tanzania and venture partners expect to have completed the construction of the heated pipeline for transportation of oil through the port of Tanga in Tanzania.
What is unclear is how Uganda will start oil production within the new two years when the country failed to pull off earlier deadlines since all stakeholders are on strike after Tullow Oil pulled out of the negotiations citing frustration to sell a part of its stake