He commissioned on Tuesday
Museveni, 74, inspected the facility at Natete Police Station in the country's capital, Kampala.
He said: "The problem of urban insecurity perpetrated by armed assassins riding boda-bodas will be solved."
He added: "What we needed were eyes, ears and a nose to sense them. It is what the cameras will do. Once we see these criminals, we shall get them."
Last year, the president ordered for the installation of CCTV cameras on major highways and towns in Kampala after the assassination of former police spokesperson Felix Kaweesa.
The head of state since 1986 reiterated the need of CCTV cameras in curbing urban crimes following the brutal murder of his loyalist Ibrahim Abiriga in June.
Over 5,000 cameras are expected to be installed countrywide and about 3233 cameras will be active in the Kampala Metropolitan.
About UGX60bn is needed for the for the implementation of the national CCTV project.
Government is expected to borrow UGX400b to finance the expansion of the CCTV camera project.