26 Mar 2019 in National Assembly:
(Funyula ODM): Thank you, Hon. Speaker. First, I commend the Committee for being reasonable enough and taking its time to challenge some of the amendments proposed by the Senate that generally go against the principles and tenets envisaged in the Bill that we passed in this House. For record purposes, and just to correct my good friend, Hon. (Dr.) Chris Wamalwa, there is no logical explanation that land values only appreciate and they
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26 Mar 2019 in National Assembly:
depreciate. Land
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26 Mar 2019 in National Assembly:
value is an interaction between supply and demand and so obviously there is no economic or theoretical underpinning with regard to the statement he made. I speak from
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26 Mar 2019 in National Assembly:
of authority
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26 Mar 2019 in National Assembly:
because I have three degrees in land and land-related issues. Hon. Speaker, the question of the land index, in my view, has come from the fact that there have been continuous complaints that the value of land and time of compensation for compulsory acquisition has at times been much higher than the
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