• Latest

MUSEVENI: “Removing Of Taxes And Giving Subsidies On Commodities Will Cause Tax Loss To Gov’t “

May 22, 2022

S6 Student Drowns in School Swimming Pool at Seeta High

August 5, 2025
Ssenyonyi demands government compensation for injured journalist Miracle Ibrah

Broken Cameras, Broken Trust: UJA Pushes for Media Safety in 2026 Elections

August 5, 2025
VINAStech Advert
FDC Summons Top Leadership for Key Council Meeting

FDC Summons Top Leadership for Key Council Meeting

August 5, 2025

Unidentified Youth Drop Piglets at DP Hqtrs Marked “Byabakama Wake Up”

August 5, 2025
FDC demands urgent action over Kiteezi fire, warns of looming catastrophe

Gov’t Begins Payouts to Households Displaced by Kiteezi Slide

August 4, 2025
The NRM Primaries Proved That it is Still a Popular Political Party Which is Here to Stay

The NRM Primaries Proved That it is Still a Popular Political Party Which is Here to Stay

August 4, 2025

Kampala City Carnival Set for Grand Comeback, Launch Slated for August 6

August 4, 2025
Father Poisons Four Children, Three Dead, One in Critical Conditions

Father Poisons Four Children, Three Dead, One in Critical Conditions

August 4, 2025
Makerere University mourns the loss of Dr. Brian semuju 

Makerere University mourns the loss of Dr. Brian semuju 

August 3, 2025

Chwa II Heirs Seek Presidential Audience Over Kazi Land Dispute

August 3, 2025
River Rwizi Run Draws Hundreds in Call for Conservation

River Rwizi Run Draws Hundreds in Call for Conservation

August 3, 2025

1,300 Candidates Battle for Just 31 Jobs at OAG

August 2, 2025
  • About Us
  • Internship
  • Contact Us
Wednesday, August 6, 2025
Parrots Media
No Result
View All Result
  • Login
  • News

    S6 Student Drowns in School Swimming Pool at Seeta High

    Ssenyonyi demands government compensation for injured journalist Miracle Ibrah

    Broken Cameras, Broken Trust: UJA Pushes for Media Safety in 2026 Elections

    FDC Summons Top Leadership for Key Council Meeting

    FDC Summons Top Leadership for Key Council Meeting

    Unidentified Youth Drop Piglets at DP Hqtrs Marked “Byabakama Wake Up”

    FDC demands urgent action over Kiteezi fire, warns of looming catastrophe

    Gov’t Begins Payouts to Households Displaced by Kiteezi Slide

    Chwa II Heirs Seek Presidential Audience Over Kazi Land Dispute

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News

    S6 Student Drowns in School Swimming Pool at Seeta High

    Ssenyonyi demands government compensation for injured journalist Miracle Ibrah

    Broken Cameras, Broken Trust: UJA Pushes for Media Safety in 2026 Elections

    FDC Summons Top Leadership for Key Council Meeting

    FDC Summons Top Leadership for Key Council Meeting

    Unidentified Youth Drop Piglets at DP Hqtrs Marked “Byabakama Wake Up”

    FDC demands urgent action over Kiteezi fire, warns of looming catastrophe

    Gov’t Begins Payouts to Households Displaced by Kiteezi Slide

    Chwa II Heirs Seek Presidential Audience Over Kazi Land Dispute

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home RELIGION

MUSEVENI: “Removing Of Taxes And Giving Subsidies On Commodities Will Cause Tax Loss To Gov’t “

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
May 22, 2022
in RELIGION
0

President Museveni addressing the nation on high commodity prices

0
SHARES
1
VIEWS
Share on FacebookShare on X

By Leonard Kamugisha Akida,

NATIONAL

READ ALSO

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

Police Urge Vigilance Amid Ongoing Terror Threats

President Museveni has said that the exempting taxes and or giving subsidies for locally produced and imported commodities as way of controlling high prices of commodities in the country will cripple the economy and cause tax losses to the government.

PRESIDENTIAL ADDRESS: If we remove taxes or even give subsidies, the level of consumption will either remain the same or actually increase. Removal of taxes mean Tax loss to the gov't e.g. Ugx 1.5tn for petroleum, Ugx1.15tn for Diesel and Ugx520bn for wheat.#ParrotsugNews

— Parrots UG (@parrotsug) May 22, 2022

The president made remarks on Sunday evening during a televised nation address on escalating prices of commodities like fuel and other produces. During the address Museveni said that the Uganda would lose to much money on giving subsidies on imported commodities for instance Ugx1.5 trillions on petroleum, Ugx1.15 trillion on diesel and Ugx520bUgx520bn on wheat.

He further noted that Ugx193b would be lost on locally produced sugar, UGx200bn on cement and Ugx120b on steel bars among others.

The president called for use of local produces such as millet, cassava, sorghum, sunflower oil, matooke among others both as raw materials and food to avoid higher prices of commodities.

“Secondly, there is a need to use our raw materials like sunflower for soap as we wait for the extended palm oil production,” said Museveni.

He added, “for bread, we can use banana and cassava flour. Millet is the only cereal with protein, carbohydrates and iron.
Museveni: For many years now, I don’t eat bread. I eat cowpeas, bananas, millet, beef and  g.nuts. I am nearly making 78 years in September  and I have been well.” Museveni urged

Museveni is known to have publicly told Ugandans decrying high bread prices to eat cassava if bread is expensive.

“The only convenience we found in bread was in storage & transportation,” he retaliated

The president also said the price has gone high due to producers who have since turned into producing other items making it exoensive for raw materials thus high fuel prices. He added that external wars in Ukraine has largely increased fuel and commodity prices.

“I hear some lroducers palm oil have turned their palm oil into petroleum, this leads to limited raw materials for manufucturing of oil,” Museveni said

“The price of fuel was going up even before the war in Ukraine because of the new clean energies movement, yet these would take time to be available. The Russia-Ukraine war has made this worse,”

This problem of the high fuel prices is sucking money from the pockets of individuals and sucking more dollars from our national reserved.

He instead advised Ugandans to be frugal while using imported items noting that government cannot intervene in the exorbitant prices.

“The wise way is to use these imported commodities frugally or to look for alternatives if they are there”, he said

Tags: Escalating Commodity pricesPresidential Address

Related Posts

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone
News

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

July 16, 2025
Police Urge Vigilance Amid Ongoing Terror Threats
RELIGION

Police Urge Vigilance Amid Ongoing Terror Threats

June 6, 2025
Journalists blocked from Martyrs Day Venue
Religion

Journalists blocked from Martyrs Day Venue

June 3, 2025
News

Malawian, Tanzanian Students Jet In for Uganda Martyrs Essay Awards

June 2, 2025
Religion

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025
News

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

May 26, 2025
Next Post

The poor won't go to heaven, says minister Otafiire

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025

EDITOR'S PICK

See Five Telegram Features You Should Take Advantage Of

See Five Telegram Features You Should Take Advantage Of

March 1, 2021

Suspected murderers arrested in Kanungu

July 4, 2023
R.Madrid joins race to sign £50M Bayern Liverkusen goal machine Kai Havrtez.

R.Madrid joins race to sign £50M Bayern Liverkusen goal machine Kai Havrtez.

June 11, 2020
NUP donates food to Kamwokya affected by fire.

NUP donates food to Kamwokya affected by fire.

July 29, 2021
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • S6 Student Drowns in School Swimming Pool at Seeta High
  • Broken Cameras, Broken Trust: UJA Pushes for Media Safety in 2026 Elections
  • FDC Summons Top Leadership for Key Council Meeting
  • Unidentified Youth Drop Piglets at DP Hqtrs Marked “Byabakama Wake Up”
August 2025
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page