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{
    "id": 117830,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/117830/?format=api",
    "text_counter": 548,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Policy is trying to cure by making sure that there is proper recording of land, proper indexing of land and proper data that can make land transfer proper in this country. So, I laud this Policy Paper for doing two things: First, is to introduce tax on land. This is to make land to be a real commodity in the market place so that it can be used productively in the economy. Secondly, this Policy Paper seeks to reduce speculation in land. The idea of using land as a collateral by two, three or four people in a faulty system whereby it is possible to manipulate records at the lands office and have one title deed being owned by three or more people, will be a thing of the past. Mr. Temporary Deputy Speaker, Sir, the other thing that I like about this Sessional Paper is the policy on public land. I want to say something about this because when I was the Chairman of the Public Investments Committee (PIC) of this House in the mid 1990s, I saw horrendous practices in our nation where, with a stroke of pen, the then President could allocate public land to people. Those people could take those letters of allocation to the National Social Security Fund (NSSF), which could pay five or six times above the market value of that land. Those people could then use that money for all kinds of speculation. When I was the Chairman of the PIC, we did an analysis and found out that the difference between the market value of the land and the price that NSSF paid for that land was, on average, ranging from between Kshs20 million and Kshs100 million in the mid 1990s. Just imagine how much money the public sector lost in those kind of transactions. That is another mischief that this Sessional Paper is trying to cure."
}