Cotton by-products to turnaround Uganda’s economy
Uganda, March 21 – Cotton by-products have been termed as the new hot property to turnaround the economy of struggling Uganda into a new direction. The product had been experiencing a change since last year, following its downfall from glory in the 1970s. The Government has not let the dream go to revive the former glory, and the farmers seem to cooperate with the new strategy.
With better and bigger investment into the cotton farming, it is believed that cotton could rake in good revenues for the East African nation. The financial input will boost the production of the same giving the state an upper hand in the export sector. More financial aid would help in the extension services, which could be critical for the industry to grow. Farmers will be able to learn more and modern ways to boost their production.
Addition value to the by-products could see the quality of the product get better with farmers raking in good money for their individual status. Some farmers have abandoned the farming due to lack of enough funds to facilitate the economic activity and at times harvest only enough from the farming. The Government is ready to support farmers to ensure they give the international standards to be competitive in the market.
Cotton growing has a huge potential in it, with new technologies emerging to make it better. The youths have been encouraged as well to venture into the business that has the capacity to bring in favorable returns. A number of policies would be formulated to cope up with the new trends and offer fresh beacon of hope to revive the industry. Cotton farming has potential investors that can come in with expertise or financial aid for the sector.
The stakeholders are looking into ways of adding value to the by-products to bring in benefits for Uganda.