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Albertine Leaders Demand Financial Literacy Trainings for Communities

The leaders from the districts of Buliisa, Kikuube, Nwoya Hoima and Masindi say lack of enough training has forced the communities to misuse the compensation money.
11 Dec 2018 16:14
Fredrick Kakoraki (Standing), the Hoima District LC5 Vice Chairperson stressing a point on need for Financial Literacy Training during the Dialogue.

Audio 6

Leaders in the Albertine region are demanding for financial literacy trainings to equip the communities with knowledge about handling compensation money.

The leaders from the districts of Buliisa, Kikuube, Nwoya Hoima and Masindi say lack of enough training has forced the communities to misuse the compensation money.

They were on Tuesday speaking during a meeting organized by Community Driven Network Uganda-CODNET in conjunction with Bunyoro Kitara Kingdom held at Hoima Kolping Hotel in Hoima town.

Geoffrey Matongo, the Buliisa LC5 Vice Chairperson says Financial Literacy Training is paramount since it will equip the affected communities on better ways of planning for their money. He says due to lack of enough financial literacy training, people who were compensated at Kasenyi in Ngwedu sub-county Buliisa lavishly spent the money.

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Fredrick Kakoraki, the Hoima District LC5 Vice Chairperson says people were compensated to pave way for the construction of the oil refinery and Airport respectively in Kabaale parish Buseruka sub-county but within a period of only six months the money was misused.

He says that some beneficiaries resorted to buying cars and motorcycles which they could not afford to maintain.

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Robert Rukahemura, the Personal Assistant to the Prime Minister Bunyoro Kitara Kingdom says government has not done enough to prepare people on how to manage the compensation money.

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Jane Akugizibwe, a resident of Ngwedu village in Buliisa district explains that women in the district were not engaged during the compensation sensitization meetings.

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Michael Businge, from Bunyoro Albertine Petroleum network on Environment conservation, says government should come up with measures that regulate payment of compensation money. He explains beneficiaries should be paid in installments.

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