Makarere university professor Augustus Nuwagaba has criticized government for failing to listen to their advice against selling public companies through the liberalization program.

According to Nuwagaba, the economists warned of severe long term effects arising from this policy but government 20 years ago chose to continue with privatisation.

He told a public lecture on economic transformation in Kampala that the current economic crisis in the country is as a result of what he termed as a rotten foundation of Neo-liberalization adopted by government which in turn has now crippled the economy.

He says the government was warned against putting everything on market but paid deaf ears to the advise by economists.

Prof. Nuwagaba says the NRM government should not to bother anybody seeking for advice unless they change the economic policy.

Ultimate Media