Uganda has registered significant economic gains under the National Resistance Movement (NRM), driven by sustained growth, export expansion, infrastructure development and deliberate wealth creation strategies, the Permanent Secretary and Secretary to the Treasury (PSST), Ministry of Finance, Dr. Ramathan Ggoobi, has said.
Speaking at the NRM Secretariat Dr. Ggoobi said government policies implemented under the NRM have laid a strong foundation for long-term prosperity, lifting millions of Ugandans out of poverty and positioning the country for global trade.
"Uganda has sustained an average growth rate of about 6 percent for close to 30 years, and that consistency is not accidental. It is the result of deliberate policy choices by the NRM government, " Ggoobi said.
Uganda's exports have grown to $2.4 billion, with milk and dairy products contributing $620 million, reflecting the success of agricultural modernisation and value addition. Remittances from Ugandans abroad now stand at **$1.6 billion, providing a strong source of foreign exchange and household income.
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Tourism has also staged a remarkable recovery, earning $1.7 billion, supported by improved infrastructure and the revival of Uganda Airlines, which has cut regional travel costs, including halving ticket prices to Nairobi.
On Connecting Uganda to the region and the world is not a luxury, it is an economic necessity. That is why government has invested in Uganda Airlines to support tourism, trade and investment," Ggoobi said.
On Infrastructure and Energy Expansion ,electricity generation has increased to 2,051 megawatts, pushing national access to power to about 60 percent of the population. According to Ggoobi, this expansion has been critical in supporting industrialisation, regional cities and private sector growth.
Massive investments in roads, water and electricity across regional cities are now translating into higher productivity and revenue generation. Government projects domestic revenue collections of about Shs37 trillion this financial year.
Infrastructure is the backbone of growth. Without power, roads and water, you cannot industrialize, and the NRM has consistently invested in these fundamentals," he said.
Dr. Ggoobi highlighted NRM wealth creation programs as a key driver of social transformation, noting that poverty levels have declined from 68 percent to about 33 percent**, with targeted interventions empowering youth and women.
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Low and stable inflation--currently at **3.1 percent**, below the 5 percent target--has been achieved largely through increased food production, which has strengthened food security and stabilized prices.
"When you invest in agriculture and increase food supply, you protect households from high prices and stabilize the economy. That is exactly what we are seeing today," Ggoobi noted.
Big Vision for the Future
Under the NRM's long-term vision, Uganda aims to grow its economy to $500 billion by 2040, focusing on agro-industrialization, tourism, minerals and information technology.
Government is also targeting increased revenue mobilisation to 20 percent of GDP within five years** to finance education, health and infrastructure.
"The NRM agenda is about creating wealth and prosperity across all sectors--agriculture, industry, services and technology--so that every Ugandan can participate in growth,Ggoobi said.
He added that continued investment in education, science and innovation will be critical to sustaining the gains already made and unlocking Uganda's next phase of economic transformation.
