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"id": 473269,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/473269/?format=api",
"text_counter": 232,
"type": "speech",
"speaker_name": "Hon. Nyenze",
"speaker_title": "",
"speaker": {
"id": 1987,
"legal_name": "Francis Mwanzia Nyenze (Deceased)",
"slug": "francis-mwanzia-nyenze"
},
"content": "Hon. Speaker, Norway discovered oil in the North Sea. They had a very good Act of Parliament on how they would share the resource and how they would invest the money. Today, Norway has a very high per capita income. People are rich in Norway. They have a big fund in that country to cater for future generations. However, in African countries, say Nigeria, there are fights over these resources. In some other places we want to avoid the curse brought about by these resources. Unless this matter is addressed through proper legislation--- Now that oil has been discovered in Turkana, you will hear people say that they want to secede because they will feel they do not get their fair share. There are good national laws and also mining laws. Let us, therefore, put in place a mechanism for putting money obtained from the mining sector in a kind of an endowment fund and it will not be touched, so that we do not kill agriculture and manufacturing. Such money could be used by the later generations."
}