PAT LARRY KING SENT THIS.
“Museveni’s Appetite for Borrowing Alarming” Ssemuju on Total Oil Development Plan
FDC party spokesperson Ibrahim Ssemujju Nganda has reacted on the meeting between Total Chief Executive Officer, Patrick Pouyanné and President Museveni as they discussed their commitment to strengthening Uganda oil resources industry.
Ssemujju said, “The oil is almost mortgaged, our total debt portfolio is about US$10b [about Shs33.3 trillion]. What we expect from oil is US$50b [about Shs166.6 trillion] and If costs are removed we may not get US$30b [about Shs99.9 trillion] yet President Museveni’s appetite for borrowing continues to grow day in and out.