Uganda: How Should Oil Money Be Spent?

3 October 2013

The value of the 3.5 billion barrels proven oil assets is not yet known -at least the public does not know yet. But rough estimates, according to industrial players, put the finds to over and above $400b in monetary terms.

For a nation -with almost one person in five living in a situation of extreme poverty and surviving on the equivalent of less than a dollar a day- this figure is a dream jackpot. No wonder public expectations are riding too high.

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