Following the increased rate of unemployment in the country, President Museveni today commissioned the Nile Plywood Company in Nakansogola district.
The company which produces furniture, plywood and medium density fireboards will employ more than 1,000 workers along its value chain.
In his maiden speech, the president commended the sorrounding people for the support rendered to the company.
“The company managers told me that the local community in Nakasongola, the Baruuli, have been very supportive. I commend them for embracing and working with the investors,” Museveni said.
He however advised people around the area to venture into other income generating activites to boost their house hold incomes.
“I call upon people in the area to know that they will not just survive by planting trees that this factory consumes. A tree takes 7-15 years to mature, making this a long-term venture,” Museveni explained.
“Our wanainchi therefore must stick to our four-acre model, where we emphasize commercial agriculture through raring poultry, dairy, apiary, growing fruits, and then other ventures like coffee farming and tree growing,” the president added.
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