National

Zombo district targets shs72m revenue from newly constructed market

The new lockup shops have been constructed by Wimpsi Construction Company Limited at a cost of Ugx 343,616,900 billion Ugandan shillings with a grant from the United Nations Capital Development Fund (UNCDF) with an aim of enhancing the livelihoods of women, and youth participating in agricultural produce and other merchandise also addressing Refugee challenges.

Minister Grace Freedom Kwiocwiny and Zombo district officials infront of the newly constructed lockup shops at Paidha main market: Photo/Hillary Alithum

ZOMBO, UGANDA: Authorities in Paidha Town Council, Zombo district say they expect to raise a local revenue worth up to 72 million Ugandan shillings per annum from the newly constructed 30 lockup shops around Paidha Main market.

The new lockup shops have been constructed by Wimpsi Construction Company Limited at a cost of Ugx 343,616,900 billion Ugandan shillings with a grant from the United Nations Capital Development Fund (UNCDF) with an aim of enhancing the livelihoods of women, and youth participating in agricultural produce and other merchandise also addressing Refugee challenges.

The project according to district leaders targets to increase the population of vendors from the current 507  to about 800 to 1000 vendors believed to operating in the main market that attracts businessmen and women from as far as Lira, Gulu, Arua, Madi-Okolo, Pakwach, Nebbi Kitgum, Kiryadongo, DR. Congo and South Sudan, among others.

Mr Mudua Joel, the Deputy Head of Office at UNCDF said the structures should compel vendors into value addition of agricultural products such as Potatoes, Tomatoes, Cabbages, Maize, beans and onions among others.

“We are ready to support you financially to see that you develop and alleviate poverty,” said Mudua.

New lock-up shops constructed by the government and European Union at Paidha Market in Zombo district. Photo by Alex Pithua

Mr Onega Innocent LCIII Chairperson of Paidha Town Council revealed that they had lost revenue for the  months the project is being implemented because the previous dilapidated shops were demolished ” I request your office to immediately commission the structures to allow beneficiaries to begin operations and save the local revenue projections of the town council”

- Advertisement. Scroll to continue reading. -

Mr Oyullu James Oruna LCV chairperson of Zombo District applauded government of Uganda for its sharp lobbying abilities and partnering with European Union in implementing different poverty alleviation programs under UNCDF and DINO

The Minister of Northern Uganda Ms Kwiocwiny Grace Freedom challenged the different authorities to enhance their capacity and prioritize value addition of the traditional and dominant crops such as coffee, bananas and Irish potatoes.

The Minister also hailed the commitment of the people of Kiruhura in familiarizing and providing domestic market for milk, asked the people of Zombo to think of what they can supply for Uganda and promised actualisation of the construction of the Tea factory in Abanga – Zeu

Paidha was elevated to town council status in 1984 since then the market has been generating the greatest percentage of local revenue, now with a population of 507 vendors,380 females and 127 males.

- Advertisement. -

Currently, local revenue collection per annum in the town council stands at 200 million Ugandan shillings while the UNCDF project visions a population of 800 to 1000 vendors in the market after the completion of the second phase of the project.

Do you have a story or an opinion to share? Email us on: dailyexpressug@gmail.com Or follow the Daily Express on or for the latest updates.



[post-views]

Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news.

We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable.

Copyright © 2024 Daily Express Uganda. A Subsidiary of Rabiu Express Media Group Ltd.

To Top
Translate »