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{
    "id": 210988,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/210988/?format=api",
    "text_counter": 58,
    "type": "speech",
    "speaker_name": "Mr. ole Metito",
    "speaker_title": "",
    "speaker": {
        "id": 199,
        "legal_name": "Judah Katoo Ole-Metito",
        "slug": "judah-ole-metito"
    },
    "content": "Mr. Deputy Speaker, Sir, this Fund was gazetted on 8th December, 2006. That was for the purpose of providing the necessary legal framework to govern its operation. That was when the initial facilitation that opened up linkages for supply chains was started. However, it was not until 1st February, 2007 that the first tranche was released when His Excellency the President officially launched the Fund. So, from 1st February to 1st August is just six months. I would say that although there is still a lot of money lying in the bank, through the financial intermediaries, the ultimate beneficiaries would be the youth groups because the Fund 2876 PARLIAMENTARY DEBATES August 1, 2007 was made a State Corporation on 11th May, 2007 by His Excellency the President and it is for a period of three years. So, at the end of the day, all the funds would still trickle down to the youth groups that are intended to be the ultimate beneficiaries."
}