Financial literacy: Speaker Among urges leaders to train locals

KATAKWI– Speaker of Parliament, Anita Among has urged political leaders to train communities in financial literacy if the dream to achieve an economically transformed Uganda is to be achieved.

Among made the call while speaking on Saturday in Katakwi district Boma Grounds during the fundraising drive organised by Ngariam County Member of Parliament, Peter Ogwang who is also the State Minister for Sports.

The drive was intended to raise money to support women Village Savings and Loans Associations [VSLAs] and SACCOs in Ngariam County. Ogwang contributed Shs 200 million to kick-start the fundraising for the area’s VSLAs and SACCOs.

Emphasising the value of financial literacy Among added: “Even as we support these women, we must have financial literacy. There is giving money and you are not able to use this money effectively.”

The speaker added: “We need return on investments; the money will be a revolving fund and when we give you this money, we will come back and evaluate the performance of these groups.”

Among said legislators’ mandate is not only limited to making laws. “We are not going to parliament to do legislation alone. We are supposed to identify the needs of our people and in identifying, we are trying to lift them from poverty.”

“A woman in a home controls 90 percent of the needs of the family. So if you don’t have a strong woman, then you don’t have a woman. That is why we are here to support women,” she added.

Among was accompanied by several ministers and MPs including, The Government Chief Whip, Hamson Obua, Minister of Health, Jane Ruth Aceng, State Minister for Privatisation and Investments, Evelyn Anite and State Minister for Cooperatives, Fred Ngobi Gume.

The others were, State Minister for Teso Affairs, Clement Ongalo Obote and the head of Parish Development Model [PDM], Denis Galabuzi Ssozi.

The NRM Vice chairperson for Eastern region, Capt. Mike Mukula was also in attendance.

Among contributed Shs 120 million for the cause and also handed over Deputy Speaker Thomas Tayebwa’s contribution of Shs 20mln.

https://thecooperator.news/financial-literacy-key-to-cooperatives-success-kigumba-principal/

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