By Eye Media Reporter | Kampala
Uganda’s economy is on an upward trajectory, with President Yoweri Museveni on Thursday announcing robust growth figures during the 2025 State of the Nation Address delivered at Kololo Independence Grounds.
The President revealed that Uganda’s GDP is projected to hit Shs 224.9 trillion (about USD 60.4 billion) by the close of this financial year — a meteoric rise from Shs 42.6 billion in 1986 when the current government took power.
Museveni told the nation that growth in the first quarter of this financial year already stands at 6.7%, surpassing last year’s 5.6%. “Our economy is resilient and growing steadily,” he said, attributing this performance to deliberate government investment in agriculture, industry, ICT and services.
The President further celebrated the fact that the proportion of Ugandans living below the national poverty line has now dropped to 16% — down from 20% four years ago. “We have already surpassed our target of 18.5% for 2025,” Museveni noted.
Economists say Uganda’s steady growth and poverty reduction point to solid fundamentals — a sign of economic maturity that promises even greater prospects.
With renewed calls for more investment in value addition and industrialization, Museveni urged Ugandans to embrace the Parish Development Model and other government initiatives for grassroots transformation.
