Poverty headcount has declined in Uganda from 56% in 1992 to 25% in 2010. However, northern Uganda exhibit about twice the national poverty levels amidst a number of risks that are disrupting its economic stabilization. One is left but to ask: “How resilient are rural households to risks?” Using data from West Nile Development Initiative programme the paper shows that 98.7% of rural households were asset poor contrary to the national poverty headcount of 46.2%. By net worth, only 4% and 1% could meet their consumption needs for 3 months and 9 months respectively. The asset poor households were mainly those whose heads were: females 25-60 years, married, with primary education, depended on farming; and had no livestock. The government of Uganda, therefore, needs to prioritise policies which promote livelihood diversification concurrently with building goal-driven psychological and behavioural strategies to save and invest.