In a significant development for the regional energy sector, President Yoweri Kaguta Museveni has officially endorsed the ambitious plans for a proposed East African regional refinery. This major industrial project is being championed by the prominent Nigerian billionaire and business magnate, Aliko Dangote. During discussions regarding the initiative, President Museveni emphasized that this strategic project is perfectly aligned with Uganda’s long-standing and firm national policy position. The government remains steadfast in its commitment to opposing the exportation of raw materials, insisting instead on the necessity of local value addition to boost economic growth. By supporting this refinery, the President reinforces the administration’s dedication to transforming the nation’s resources into finished products within the borders of the East African region.
