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{
    "id": 513640,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/513640/?format=api",
    "text_counter": 290,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "Mr. Temporary Speaker, Sir, I support this Bill as it proposes a distribution formula where 20 per cent of the revenue collected shall be put in a sovereign fund. The sovereign fund will be used to take care of the community. The remaining 80 per cent will be shared between the national Government and the county governments in the ratio of 40:60 per cent, respectively. The 40 per cent of the county allocation shall go to the local community. Mr. Temporary Speaker, Sir, what makes me happy about this Bill is that it proposes to establish an authority for the benefit sharing. The NRBSA will determine the royalties’ amounts. In the Bill, Sen. (Dr.) Zani also talked about a Board. The NRBSA is the one that will manage that Board and, of course, ensure that they meet the qualifications so that they are given those jobs. The beauty of this is that the money that will be put in the Fund will not be left in the hands of one person. At least, decisions will be done by that Board. If they do so, probably, corruption will reduce just as Sen. Muthama has said. He has fears regarding the corruption that has taken place in the past. This Bill, being the first legislation on royalties, is most welcome. We should have had it like yesterday. However, we had to put in a lot of work. We had experts who gave us their input. We also benchmarked with Australia. The Bill is good and it is better to have something than nothing. I urge the House to support this Bill so that it goes through. I send my congratulations to Sen. (Dr.) Zani who is very aggressive. She made sure that everything was done on time. We also met the right people who helped us put the legislation together. I support."
}