Francis Kigo Njenga

All parliamentary appearances

Entries 131 to 140 of 261.

• 10 Jun 2014 in National Assembly: The Constituencies Development Fund (CDF) – the only agency that acts promptly in terms of ensuring service delivery to our people – has gotten about Kshs100 million. We are likely to do even better than our brothers in the counties, who get more money. I believe that the Economic Stimulus Projects (ESPs) are going to be implemented through the CDF. If that happens, we will stop wastage of public funds. In fact, I urge my brother, Prof. Nyikal, to talk to his colleagues in CORD to stop the meetings called “national dialogue”. The other day CORD called for such a ... view
• 10 Jun 2014 in National Assembly: Hon. Speaker, another thing I am very happy about is the conversion of Appropriations-in-Aid (A-in-A) into revenue. This is where we lose a lot of money. People just collect money and stay with it. This goes in line with the electronic money (e- 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. view
• 10 Jun 2014 in National Assembly: money) that the Government collects. The e-money that the Government is collecting enhances revenue and reduces corruption. The Budget and Appropriations Committee at one point said that we were not going through an expenditure that was to build a court somewhere for Kshs800 million and another one for Kshs600 million. This bold move by the Committee is commendable. view
• 10 Jun 2014 in National Assembly: In this regard, we have put the Cabinet Secretaries (CSs) and their Principal Secretaries (PSs) to task. They must release money in good time, so that we can enhance economic growth to the required level. That way, we can deliver goods and services as promised to our people. We did not mince our words that money should be released in good time for development. view
• 10 Jun 2014 in National Assembly: With those remarks, I beg to support this important document. view
• 24 Apr 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I rise to support these amendments. First, the amendments bring in a lot of clarity and simplicity to the PFM Act which gives accountability a chance. It proposes to make more accountable. This is shown by distinguishing between securities that are from the national Government and external securities. Hon. Temporary Deputy Speaker, today I woke up a very disappointed person as I found the media reporting that the Anglo-Leasing compensation, which the country is supposed to pay, is Kshs125 billion. I know very well that the amount at stake was about US$14 million, which ... view
• 24 Apr 2014 in National Assembly: and supply, the supply of the money that is available for borrowing by our people, especially businessmen and farmers, will reduce the cost. Once the supply is higher, it will reduce the cost of funds. When the cost of funds is reduced, we expect that our businessmen and farmers will borrow money cheaply. If money is borrowed cheaply and it is in adequate supply, banks will also be forced to also reduce interest rates, thus raising supply much higher. This cheap money will increase the profits of our people. When profits increase, the benefits are immense. We have been talking ... view
• 24 Mar 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I rise to support these amendments. First, the amendments bring in a lot of clarity and simplicity to the PFM Act which gives accountability a chance. This is shown by distinguishing between securities that are from the national Government and external securities. Hon. Temporary Deputy Speaker, today I woke up a very disappointed person as I found the media reporting that the Anglo-Leasing compensation, which the country is supposed to pay, is Kshs125 billion. I know very well that the amount at stake was about US$14 million, which will translate to about Kshs1.4 billion. ... view
• 24 Mar 2014 in National Assembly: not addressed by legislation. The proposed law will address the anomalies that have been facing our country. Most importantly, the smoothening and action, if implemented, would have a positive interface with the liquidity of this country. Borrowing Kshs13 billion worth of bonds to settle a Kshs65 billion debt or thereabout leaves us with an exposure to a further Kshs165 billion. If this money comes to the economy, it will give exposure to money that is available for borrowing by businessmen. If you remember the simple law of demand and supply, the supply of the money that is available for borrowing ... view
• 19 Mar 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I stand to support this amendment to the VAT Act and by so doing, I would like to say that the Mover, hon. Mbadi and I, are Members of the Institute of Certified Public Accountants of Kenya (ICPAK) and we are proud of it. The back trigger effect of these amendments will 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. view