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{
    "id": 1229609,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1229609/?format=api",
    "text_counter": 353,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "My farmers in Molo do not want to sell their maize anything less because they planted their maize when the cost of a bag of fertilizer was Ksh6,000, and that is a fact. Debate all you want, but our farmers in the Rift Valley are not going to agree to sell their maize at any lower price because they planted when the cost of fertilizer was Ksh6,000 per bag, and that is a fact. Until we harvest the maize that we planted using the fertilizers that cost Ksh3,000 per bag, we have to deal with that small challenge. However, once we harvest, we will deal with the problem of the price of u nga. Why was the cost of goods high? It is because we are a net importer. We import most of the items that we consume. When the exchange rate of the US$ against the Kenya Shilling deteriorated, it consequently affected the cost of imports. That is a problem, but do we have a solution? The answer is yes. We looked at the biggest cost: where are we spending our dollars the most? We were spending most of our dollars on importation of oil products. Now, we have an agreement with the largest supplier of oil imports in this country that we be paying them in Kenya Shillings. And not just that, but to also stagger the payments within six months. Consequently, we will be able to bring down the cost of fuel. You must have also noticed that we have stabilised the Kenya Shilling against the US$ from Ksh135 to Ksh120 and it is likely to go down to Ksh115. When that happens, our cost of importation will be less thus we will be buying at lower prices. You are talking to us about taxes. The last Finance Bill was passed by Members of Parliament from across the political divide, that is, in the 12th Parliament. I have not brought any Finance Bill but when I do so, you will note that we are reducing a lot of taxes because we have realised that increase in taxes does not always lead to increase in collection. Hon. Members, we have a plan so, please, relax. You failed and you should let us fix this economy. With those remarks, I support."
}