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{
    "id": 376568,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/376568/?format=api",
    "text_counter": 408,
    "type": "speech",
    "speaker_name": "Hon. (Prof.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "Having said so, let me say that the worst thing we can do for the new Fund is to start wrangling over it as to who should control it. Whether it is controlled by the WCRs or other Members of Parliament, the most important thing is whether we are targeting our people and serving them well. We should stop being selfish. We will always be re-elected to Parliament, if the people we represent here are served well. So, let us not cry for control of the funds. Let us cry for service delivery to our people. Let us sit down and structure the new Fund properly, so that our people can benefit from it. I have had experience with the WEDF. It has done what I may tell you are wonders. There is only one point I would like to add to what I have said. The issue of training is paramount to the success of the programme. I know that we may want to do it quickly. Our experience is that if it is done very quickly, we are likely to have problems. The target groups need training on simple business issues, financial management, value addition and marketing. We must limit by law, the percentage of the new Fund that should go towards meeting administration costs. Finally, I know that we are happy to hear that the money will be given interest-free. The problem with this is that if you have a revolving Fund that is interest-free, the administrators gradually eat into the Fund. So, it would be wise to levy a small interest of one or two per cent to be used on administration costs of the Fund. I would like hon. Mbadi to listen because I am talking for the benefit of Kenyans. So, once again, I congratulate the Leader of Majority Party for the very good message he has brought to the House today. We should forget those other antics and think of what hon. Sakaja said. There are times when we must think of this country, and not just think of political success for ourselves and our parties. Thank you."
}