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{
    "id": 1504287,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1504287/?format=api",
    "text_counter": 198,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "Members have said in their contributions, the State of the Nation, as the President said, is resilient. And that resilience has been exhibited by the emerging growth of our nation's economy right from a time when one dollar was trading at Ksh162. Yesterday I heard the Deputy Leader of the Minority Party asking whether indeed there is appreciation of the shilling. I know Hon. Robert Mbui is not an economics student and he may not understand most of these things. When the shilling to dollar rate appreciates from Ksh162 to Ksh129, it is something you cannot deny. I also heard him say that at the time this administration took over the reins of leadership, the dollar was trading at Ksh125. That is a fact. But it was, however, trading at that rate in the backdrop of major economic setbacks, with devastating drought. You remember there was no fuel in the country. Kenyans may have forgotten that they had to queue with jerry can to get fuel. When the G-to-G fuel procurement process came into being, this administration was able to stabilise not just the pricing of fuel and that of foreign exchange rates but it also ensured availability of fuel. Without naming names, because they are friendly countries, people in many neighbouring countries still queue to get fuel. They do not have fuel. Our country has fuel and the prices have been coming down almost every month for the last few months. When he said the state of the economy is resilient in terms of food security, it speaks for itself. As I said in moving the Motion and as the President enumerated in his State of the Nation Address, we were buying unga at almost Ksh262 in September 2022."
}