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MP Ogwal Tasks Govt on Petroleum Fund

Veteran legislator Cecilia Ogwal has tasked government to inform the country on how much money is currently in the Petroleum Fund.
Speaker Rebecca Kadaga chairing a previous plenary session.

Audio 5

Veteran legislator Cecilia Ogwal has tasked government to inform the country on how much money is currently in the Petroleum Fund.

Ogwal, the Dokolo Woman Member of Parliament, raised on a matter of national importance regarding the petroleum revenue that has accrued to Uganda through the government during this afternoon plenary session chaired by Speaker of Parliament Rebecca Kadaga.

She said that government is expected to publish the status of Petroleum Fund in newspapers of wide circulation as required under Section 61(2) of the Public Finance Management Act so that the country is aware of the extent of revenue being generated from oil for developmental activities.

“One of the principles of Uganda's fiscal policy is the management of revenue from petroleum resources and other national resources for the benefit of the current and the future generation as contained in Section 4(2) of the Public Finance Management Act. The Act also provides that funds can be withdrawn from the Petroleum Fund to finance the National Budget,” said Ogwal.

She, however, noted that despite government indicating in the current financial year that 125 billion Shillings was to be withdrawn from the Petroleum Fund to expedite the construction of oil roads and bridges so as to achieve oil production by 2020, nothing of this kind has been indicated in the proposed budget of the coming 2018/2019 financial year.

//Cue in: “The budget framework...

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Ogwal claimed that she has been receiving information that trucks upon trucks are ferrying goods from the oil area operating between 8:00pm to 5:00am on a daily basis. She said that these night activities raise so many questions in the minds of Ugandans.

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She urged parliament to take interest in the matter to ensure that government discloses an incorporation of the state of the Petroleum Fund in the National Budget Framework Paper and Budget Estimates for the coming financial year.

Ogwal also asked parliament to see the development of an investment profile detailing prioritised infrastructure and development projects to be tabled in parliament.

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Speaker Kadaga directed the government side to report immediately on the status of the Petroleum Fund.

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Cue out:...want a report.”//                               

David Bahati, the Minister of State for Planning denied allegations that the country's oil is being stolen and instead said that the Ministry of Internal Affairs and that of Energy will take up the matter and inform parliament.

He also noted that his ministry will be publishing information regarding the status of the Petroleum Fund.

//Cue in: “On the reporting...

Cue out:...inform the House.”//

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