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{
    "id": 947922,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/947922/?format=api",
    "text_counter": 21,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": " Thank you, Hon. Speaker, for giving me this opportunity. Indeed, the Petition is very important. Sometime back, we passed the Land Value Index Bill. Such laws are very critical. From 1985 to-date, they have not been compensated. How I wish the Government could take the time value of money into account. Sometimes, compensation delays for over 10 years but when it eventually comes, the Government does not consider the time value of money. It is time we included the time value of money when compensating people. A sum of Kshs1 million in 1995 should be equivalent to Kshs5 million right now. So, it is important that the relevant agencies move with speed and put into consideration the time value of money. Thank you."
}