Bank of Uganda Governor Michael Atingi-Ego has called for robust institutional governance and predictable legal frameworks to protect the nation's economic interests ahead of commercial petroleum production.
The Governor made the remarks during a keynote address titled “Custodians of Confidence” at a pre-departure briefing for senior judicial officers. The engagement prepared the delegation, led by the Chief Justice, Deputy Chief Justice, and Principal Judge, for an upcoming inspection tour of Uganda’s oil and gas operational areas.
The Judicial Training Institute organized the briefing in partnership with the Petroleum Authority of Uganda and the Uganda National Oil Company.
During his address, Governor Atingi-Ego emphasized the parallel responsibilities of the central bank and the judicial branch in maintaining national stability. He noted that while the central bank safeguards public confidence in the monetary system, the judiciary maintains trust in contracts, justice, and the rule of law.
He stressed that predictable institutions are essential to attract responsible foreign investment, safeguard public resources, and generate sustainable economic growth from the country's natural resources.
The Governor outlined key principles for managing the upcoming petroleum era, noting that resource management must prioritize integrity, environmental protection, community rights, transparency, and equitable wealth distribution.
He concluded that structured cooperation among core state institutions remains vital to prevent resource misallocation and ensure long-term economic returns for future generations.
