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{
    "id": 1566388,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1566388/?format=api",
    "text_counter": 141,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": null,
    "content": "and we have borrowed this much.” We borrowed because they passed a budget that has a deficit of close to Kshs1 trillion and we do not have any other way of meeting the budget. We want to have this conversation, but it cannot be because someone is no longer wanted by his colleagues. They cannot suddenly want to talk down on everybody and tell us, “oh, this and that is not right.” We are now being told that NSSF should not do this or the other. I find that to be extremely ignorant. We all know that the Tanzanian NSSF is putting up an investment close to Kshs40 billion in Nairobi. That investment is one kilometre from where we are gathered. Pension funds, world all over, are looking for opportunities to invest. The problem with us, as a country, is that we think that NSSF should only build houses and sell to citizens. No wonder our pension scheme has never grown. A country with a smaller economy like Uganda has a bigger pension fund than ours because of their innovativeness. I saw a gentleman telling us, “oh, do not build roads and do not do this or the other.” Do such people know that the expressway was built by savings of pensioners in China? Those pensioners are now earning from us when we use the expressway yet some people are telling us that our own cannot invest when opportunities come. They should spare us from those kind of lectures. We have to be bold in our decision making, honest and truthful to the country as we have conversations on what we can do about our economy. The last thing I want to address is the securitization of roads. I want to challenge the Members of this House. If you go to the Ministry of Roads and Transport today, you will get a gentleman, the Cabinet Secretary, Davis Chirchir, who will show you the investment that has been done by the three road agencies in this country. He can show you that on his dashboard. I will actually ask that the document be tabled in Parliament one day."
}