GOV’T ANSWERS LOCAL MANUFACTURERS’ CALL BY LAUNCHING BUBU POLICY

.

By Kabuye Ronald

Government through the ministry of trade, industries and cooperative has today launched the “Buy Uganda Build Uganda (BUBU)” implementation policy, a policy that aims at emphasizing, prioritizing and boosting trade of locally manufactured products.

Deliberate interventions have been indicated in the policy to ensure that locally produced goods are given priority by both government which will first consider locally made products before procuring the foreign one and the public.

While launching the policy, the Prime Minister Dr Livingston Ndugu Ruhakana Rugunda, said that BUBU will help to make uganda’ products visible in and outside the country before alluding  to the fact when we buy Uganda we contribute to employment creation, increased tax revenues transfer of technologies and economic growth.

Meanwhile the trade Minister, Ann Amelia Kyambadde, said that the ministry will also conduct an inventory of locally produced goods and services identify and certify non-certified Buy Uganda Build Uganda (BUBU) products, undertake survey of products and services of 50 members from the business community. She added that other stakeholders shall be sensitized on hire purchase, law and regulation

BUBU is one of the answers to the many local manufacturers who have for long been appealing to government to find means of enticing Ugandans and its sectors and ministry to take lead in buying their products if Uganda is to achieve the middle income status.

According to Uganda Export Promotion Board (UEPB) data, Uganda’s total merchandise exports in the financial year 2014/2015 stood at 8.7 trillion and by close of last financial year 2016/17, they had hit 10 trillion shillings which highlights the need to prioritize the BUBU policy.

A

Be the first to comment

Leave a Reply

Your email address will not be published.


*