The cabinet meeting that sat on Monday in the state house Entebbe under the chairmanship of HE.Yoweri Kaguta Museveni approved a proposal to borrow US $76.9 million from the African Development Bank to support the agricultural value chain development program says the government spokesperson Ofwono Opondo while addressing journalists at the media center in Kampala.
The program will focus on providing water for irrigation through constructing big irrigation schemes in districts which include;Sironko, Bulamburi ,Bukedea among others.
The program is also intended at setting up stores for the farmers ‘produce and increasing volumes of high value grain of maize and rice in order to obtain premium prices in the domestic and regional market.
Ofwono said that the maize we have in Uganda is of low quality and therefore can’t be bought by the world food program.
He added that the program will also look at training Ugandans different skills in the oil and gas industry before Uganda starts mining its oil in 2-3 years to come and also promote employment of Ugandans in the oil and gas industry.
He also gave more light about the compensation of the people who were affected by the oli project since there has been rumors that many people will not be compensated.