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President Museveni Promises to Deal with High Commodity Prices, says it’s Small

By Melanie Aanyu,

President Museveni has said the issue of high commodity prices is small and will soon be dealt with easily.
Museveni said while delivering the State of the Nation Address yesterday (Tuesday).

The president said having done a careful analysis of the situation, government has decided to avoid tax waivers and provision of subsidies but rather adopt other strategies.

He noted that one of the strategies is talking to global actors like Russia and the US

He noted that the other solution is ensuring Uganda gets her own substitutes for bread and wheat including cassava and banana flour.

Museveni reiterated that government will not offer tax waivers of subsidies because this is suicidal and would lead to collapse of the economy.