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{
    "id": 1229732,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1229732/?format=api",
    "text_counter": 476,
    "type": "speech",
    "speaker_name": "ODM, Nominated",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": "Fund in place. I have heard from my people in Nyamira, that some of the amounts they get from this Fund are too little that they cannot put it into multi bets to make money out of it. The situation is dire because we have Kenyans who cannot afford a meal a day. This is my professional advice to the Government: you cannot keep on talking about inheriting a Government that had dire coffers. When Mwai Kibaki became President, he inherited a worse one. But, by the time he was leaving, banks were giving out unsecured loans and that enabled Kenyans to invest further. There is something called infrastructure bond. Two years ago, Kenyans would run to banks and invest in this bond, but right now Central Bank has increased it to 14.3 per cent because people are not taking it up. That tells you we have very dire issues to address. Therefore, I have advice for this Government. I can see the Chairperson of the Departmental Committee on Finance and National Planning is here. I would like him to listen to me. We need to do a SWOT Analysis on five main issues: (i) What are the causes of the economic deteriorations in this country? (ii) What is the impact on citizens of this country? (iii) Review policy responses that you have. In this case, look at debt restructuring and anti-corruption issues. (iv) Oversight as Parliament. The Departmental Committee on Finance needs to look at the audit trails in this Government and expose the wasteful nature of people with regard to spending money. (v) Engage in public participation. Otherwise, from where I seat, I want to start praying for the hustlers every day because…"
}