Singapore tells Uganda to forget oil, concentrate on agriculture

*Crude oil export pipeline.

*Crude oil export pipeline.

02 May 2016, Kampala – The Singaporean minister of state for trade and industry has advised Uganda not to be excited by the potential prospects the oil industry seems to present.

According to Dr Koh Poh Koon, much as oil has the potential to turn around Uganda’s economy, agriculture remains the country’s strength because it is where Uganda has a natural comparative advantage.

He added that the government of Uganda should not lose sight of the agricultural sector to the mining and extractive industry as a result of the newly discovered oil deposits.

 

 

  • The Monitor
About the Author