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"id": 1591151,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1591151/?format=api",
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Secondly, the government has rolled out fertiliser and seeds subsidies to farmers across the country. This has boosted production in key food value chains and revived underperforming or collapsed export crops such as pyrethrum. Since February 2024, a total of 6.5 million registered farmers have benefited from the Fertiliser Subsidy Programme. As a result of these initiatives, the cost of fertiliser has declined by 67 per cent, from Ksh7,500 in 2022 to Ksh2,500 in 2025. Maize production has increased by 38.9 per cent, from 61.7 million bags in 2022 to 85.7 million bags in 2024. This is a clear demonstration of the positive impact of our agricultural reforms towards food security and improved household incomes. Thirdly, to support livelihoods and small businesses, the Government has disbursed loans amounting to over Ksh75 billion by the end of May 2025 through the Financial Inclusion Fund, popularly known as the Hustler Fund. This initiative has provided access to affordable credit to over 26 million customers, with a strong base of 9 million repeat borrowers and a repayment rate of 79 per cent. A total of 4.5 million borrowers are eligible to be graduated to the mainstream financing institutions. To build a culture of savings for the future, the Fund has also successfully mobilised Ksh4.5 billion in savings from its beneficiaries. Fourthly, to enhance the attainment of Universal Health Coverage (UHC), the Government has expanded Social Health Insurance. As of May 2025, more than 22 million Kenyans were registered with the Social Health Authority (SHA), representing a remarkable 175 per cent increase in membership compared to the 8 million previously enrolled under the defunct National Hospital Insurance Fund (NHIF). This marks a major milestone in our health sector reforms and brings us closer to our goal of equitable, affordable and accessible healthcare for all."
}