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October 11, 2019

Develop culture of saving, financial discipline



Ugandans have been advised to develop a culture of financial discipline and savings to become successful entrepreneurs. Mr. Danstan Kisuule, Proprietor Y-Save Cooperative Savings and Credit Society made the remarks in a keynote address during the Commencement Lecture at Lugogo, Kampala. He addressed the Ndejje University graduands on the theme: Entrepreneurship, Creativity Beyond Education. Ndejje University is due to hold the 20 th graduation on October 11, 2019 at Luwero Main Campus.

Mr. Kisuule told them that Ugandans especially the current generation of the youth want to acquire wealth instantly without working for it and sometimes through inappropriate ways. He noted that through such ways, businesses have collapsed because of poor planning, financial indiscipline and lack of saving culture among other setbacks. “If you want to be a successful entrepreneur you need to have good character that can take you places and will- power for business to survive. “When everything is going sideways, remember that a plane takes off against the wind. Every business survives because of the willingness to survive. Therefore dont blame anyone for failure,” Mr. Kisuule cautioned the aspiring entrepreneurs. The Vice Chancellor, Prof. Eriabu Lugujjo while welcoming the graduands to the lecture, advised them to use the acquired knowledge from the university to become more creative, proactive and entrepreneurial.

“The skills obtained allows access to the labour market and adopt to the ever changing environment. You should think differently and not the stereotyped thinking to become a source of livelihood and sustainability,” he said. The University’s Chief Executive however cautioned the graduands about the cut-throat competition, globalization and over-liberalisation that has caused decline in the country’s value system and social harmony. He added, ”With constant exposure in the global village, what is intolerable becomes acceptable and subsequently justifiable. Values and virtues are not hereditary but learned and nurtured.
The moment a price tag is put on values then they lose their worth. Ensure that you don’t lose your values,” advised Prof. Lugujjo. He concluded by giving the graduands a take home Bible message read from 1.Timothy 4:12 Thus: “Don’t let anyone think less of you because you are young. Be an example to all believers in what you say, in the way you live, in your love, your faith and your purity.”

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