Uganda, May 1 -- President Museveni on Friday criticised the investment strategy of the National Social Security Fund (NSSF), urging it to channel savings into infrastructure projects, as he set out key economic priorities for his new term.

Speaking at Labour Day celebrations in Buikwe District, Museveni said the pension fund was tying up resources in treasury instruments instead of financing productive assets such as toll roads.

"NSSF has a lot of money but they invest in non-profitable things like government bonds. Why can't NSSF invest such money in toll roads? The roads would be owned by NSSF," he advised.

"Government can continue building its own roads but the rich who don't have time to waste can use toll roads. We've been search...