The Permanent Secretary and Secretary to Treasury, Ramathan Ggoobi has tipped higher education institutions on lowering their financial and entry requirements in a bid to support the country’s economic recovery and resilience in the post covid-19 period.
During the inaugural ceremony of the annual commemoration of Tumusiime Mutebile Public Lecture held at Makerere University, Ggoobi, who was the key note speaker, proposed that higher learning institutions should minimize tuition so that students, particularly those from vulnerable social economic backgrounds, can access higher education.
“Universities need to relax a bit on the requirements both academic and financial to take on more students and reduce the drop out rate. Don’t leave any student behind, particularly those who belong to the most vulnerable social economic backgrounds,” he said.
He added, “Families are going through a very difficult time, so develop timely student centric responses to those needs. Universities should also play a role in economic and social planning.”
He also asked learning institutions to be Enterprise incubators.
“Universities should think about practical ways of averting the growing boomerang generation where young people graduate but still have to live at their parents home,” he said.
“We need to have more people employed in manufacturing because the country needs industrial policy to develop. Probably the key to economic recovery now is in the ability of our universities to generate the kind of human resource that ultimately will translate into entrepreneurship and innovations,” Ggoobi added.
On the issue of skyrocketing commodity prices, the economist revealed that government together with her partners are working on the economic recovery efforts to beat the causes of inflation which he said are supply related, external and global.
Officials sign the Late Mutebile’s portrait during the launch of the annual lecture.
By March 2022, Uganda’s inflation had risen to 3.7%.
Government response, he said, is focusing on maintaining a competing environment to support a continuous supply of goods and services whose stream is currently constrained.
“We want to avoid creating more shortages as they cannot let demand outstrip supply.”
He also disclosed that government is going to facilitate more exports so that people who export various goods from Uganda earn more foreign exchange.
Government, he added, also wants to support farmers to grow more food to ensure that the country doesn’t suffer food shortages “since food is the main driver of Uganda’s inflation.”
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