Geita, Tanzania – Ugandan President Yoweri Kaguta Museveni has this Sunday morning arrived Chato, northwest region of Tanzania where he is expected to hold meetings with his counterpart John Pombe Magufuli.
The meetings are a follow up with President Magufuli on Tanzania’s host agreement for the East Africa Crude Oil Pipeline (EACOP) project.
Museveni’s trip comes two days after he presided over the signing of the Host Government Agreement (HGA) for EACOP project between government of Uganda and Total.
The ceremony that took place at State House Entebbe was witnessed by Mr. Patrick Pouyanne, the Chairman and Chief Executive Officer of Total.
“I congratulate Total upon concluding this agreement which moves us closer to production of crude oil in Uganda,” President Museveni said on Friday.
He said that despite taking long, it had been deliberate so as to enable government go through all items of the agreement. He promised to get in touch with His Excellency John Pombe Magufuli to follow up on Tanzania’s host agreement.
According to President Museveni, Uganda is a rich country, with oil as a small fraction of this wealth. The big part he said is agriculture, industry, services and human resource. Oil, however, can be a good spark for transformation.
“It will bring money which we shall use to develop infrastructure, science and technology,” Museveni said.
He revealed that this money will not be used for consumption but to enhance Uganda’s durable capacity.