1. Home
  2. /
  3. News
  4. /
  5. Oil revenue to boost...

Oil revenue to boost agriculture – minister

SIRONKO. Government will use the bulk of the revenue from the sale of oil and gas to develop the agriculture sector, Energy and Mineral Development minister Irene Muloni has said.
The minister made the revelation on Monday while opening the 26th edition of the Annual African Hydro Symposium hosted by Eskom Uganda Limited.
Oil production is expected to commence in 2017 and the country expects to be producing 30,000 barrels per day.
The minister the symposium that attracted more than 150 participants from 10 countries that though Uganda seems to be focused on oil, it will continue to generate hydroelectric power, which she described as more friendly to the environment.
Government, she said, is committed to building more hydroelectric power generation units to meet the population’s ever increasing demand for electric power.

Move welcome
Eskom Uganda Limited, that run both Nalubaale and Kiira dams on behalf of government and the power generation firms welcomed government’s plans to set up more power generation units.
The firm’s corporate affairs manager, Simon Kasyate, said the firm is more concerned with seeing government planning for future consumption given the rising population.

From Daily Monitor