Opinions

UGANDA LOSING OUT ON OIL REVENUES IF CORRUPTION IS NOT FOUGHT

By Guest Writer

Upon completion in 2025, East African Crude Oil Pipeline {EACOP} will be the world’s longest heated pipeline, transporting 216,000 barrels of oil per day sfrom Hoima in Uganda’s Lake Albert region to the Tanzania Indian Ocean port of Tanga, spanning a distance of 1443km. The pipeline will generate up to 34 million tonnes of carbon emissions each year.

As Uganda nears production of oil, the country should address the corruption vice or else proceeds from oil might be lost to corruption.

In addition, this year, Total Energies and partner China National Offshore Oil Corporation reached a deal with Uganda and Tanzania to invest more than 10 billion dollars in developing crude oil production in East Africa.

This large sum of money once mismanaged by the government leaders and officials, there is a possibility that we shall not revert the money invested in the project or even get profits from it. Due to high levels of corruption in our country, some funds from oil have been used already even before the first drop is out.

However, we need to put into considerations that this project should not only benefit the government officials, oil companies and their partners but also vulnerable women, children, youth, elderly, girls who are being impacted negatively by oil activities.

Furthermore, it’s noted that the country loses over 20 trillion shillings a year to corruption as reported by “independent “. It is for this reason that I tell the government, unless corruption is fought, Uganda would be losing a substantive amount of money which will hinder development.

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These funds lost in mismanagement, could be used in the implementation of strategies sslike vision 2040, National Development Plan 111, achieving the Sustainable Development Goals by 2030.

It’s important to note that there is need to educate, sensitize vulnerable on these strategies because there are unawares of them which is a dis service. This will help in social economic transformation of the country.

While Ugandan government is investing more in extractives such as  oil and gas,  other  sectors like tourism , agriculture,  fisheries  which help  in promotion of green economy  are being left behind hence  causing delay in social economic development in the country.

In my opinion, there is need as Ugandans  to not only invest in money making projects but also in building the integrity of the people because the corruption index clearly shows how much the country loses to corruption. More so, more efforts needed to invest in transparency and ensuring proper accountability so as to guard Uganda’s resources and funds from being mismanaged.

Further to that,  parliament leaders should be responsible to make sure that tax payers money are not mismanaged  rather they can be in position to account for each money  after disbursement.  More so, government leaders should enact laws, policies on how to fight corruption in our country and make sure that the laws are effective to protect our country against the vice.

Lastly, if Uganda saves the 20 trillion Shillings lost to corruption, there shall be enough money to be given to parishes to establish infrastructure and capitalize people’s businesses hence promoting social economic development.

For God and my country

The author is Ireen Twongirwe the Executive Director Women for Green Economy Movement Uganda {WoGEM}

Disclaimer: We as UG Reports Media LTD we welcome any opinion by any one if it’s of a constructive use to the Development of Uganda. All the expressions and opinions in this write-up are not of UG Reports Media LTD but for the author of the article.

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