Press TV reports.
Uganda faces economic challenges from unemployment, corruption and what the president called political sabotage of vital economic development projects by leaders.
Museveni, who took power in 1986, said his major concern was political sabotage and delay by government technocrats to sanction major industrial construction works.
He said his government will pass a law soon to punish corrupt government officials and individuals, who fail to safeguard the progress of the economy.
Museveni also called on all sides in the country to understand the significance of factories for creating jobs.
According to the country’s constitution, the president should deliver his state of the nation address once a year, outlining his achievements and failures.
Ugandan President Yoweri Museveni has delivered his 26th state of the nation address focusing on the recovery of the country’s economy,