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{
    "id": 471836,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/471836/?format=api",
    "text_counter": 215,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "Yes! Even those who read the Quran because it says so! There is a prophecy that Kenya is endowed with so many minerals, but it is only that they have not been discovered. So, we will be a very powerful country so long as we are united; so long as we avoid corruption and so long as the benefits from the extraction of those minerals will be used to develop this country. Hon. Speaker, the Bill must ensure that there is transparent exploitation of those resources that will benefit the people from where they are found. This idea of 10 per cent benefit for counties and the governments where minerals are found is too low. In the Middle East, hydro-carbons were discovered in the 1930s and 1940s. But they were exploited by the West for many years until they nationalized them. They said no to it even if they did not have technology, it was their minerals and they were not going to be exploited. Today, we should not sit contentedly that 10 per cent is so much. It should be 50 per cent. Come and invest and if you do not get 50 per cent, leave our minerals alone. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}