Africa-Press – Uganda. President Museveni has urged newly elected Members of Parliament to prioritise financial discipline and ideological clarity as they prepare to serve in the 12th Parliament.
Speaking on the third day of the ongoing NRM leaders’ retreat at the National Leadership Institute (NALI) in Kyankwanzi, the President emphasised that sound financial management and principled leadership are essential for effective service and personal stability.
“I was pleased to hear presentations by experts on personal financial management and wealth creation for leaders. These are crucial areas that you must take seriously,” he said.
He noted that while Uganda’s future is promising, leaders must remain grounded in ideology to avoid costly mistakes.
“The future is bright and everything is there, but you must be ideologically clear. If you are not, you will end up making mistakes. Always weigh your actions according to principles,” he added.
The President attributed persistent political challenges—such as conflicts in party primaries, bribery, and arrests—to ideological weaknesses among leaders.
“All these mistakes, such as fighting in primaries, cheating, and arrests, are a result of ideological underdevelopment. Avoid shortcuts. If you take that route, you will fail. I appeal to you to practise principled politics,” he said.
He further underscored the importance of long-term planning and self-reliance.
“Our financial independence is very important. You must plan from day one,” he emphasised.
The retreat also featured expert sessions on financial discipline, with facilitators warning legislators against reckless spending and poor financial planning.
Prof. Moses Muhwezi, Principal of Makerere University Business School, cautioned that many leaders fall victim to “sudden wealth syndrome” and lifestyle inflation.
“Lifestyle inflation is dangerous. As your income increases, your expenses also rise, which affects savings and investment,” he said.
He advised MPs to plan early, invest wisely, and maintain consistent savings.
“Income alone does not create wealth; it is investment that creates wealth. If you cannot make money while seated, you will work until you die,” he noted.
Another facilitator, Arthur Kiwanuka, encouraged legislators to build financial resilience and invest in sustainable sectors such as agriculture.
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