Nandi Senator Samson Cherargei says the economy is doing good and Kenyans have money

Nandi Senator Samson Cherargei stated that the economy is performing well and that there is noticeable cash flow in the country since President William Ruto assumed power from the previous administration.

The Kenyan economy appears more robust than it did previously. The economy has improved since William Ruto took over. Currently, even as you walk around, you can sense the presence of money, Cherargei remarked.

“The cost of living and food prices have decreased, and numerous positive developments are emerging for this country. ” Cherargei, whose Constitutional Amendment Bill of 2024 aimed to extend the term limits of all elected officials from five to seven years but was rejected, emphasized that the government’s critics should propose alternative solutions.

In his contentious bill, Cherargei argued that elected officials require at least two years to acclimate to their roles and that the final year is typically spent in a campaigning atmosphere.

During its rejection by the Senate, it was revealed that 99. 9% of Kenyans opposed the bill, contrary to Cherargei’s previous claim that 60% of Kenyans supported it.

The voice of the Kenyan people has been clear, said Committee Chairperson Senator Hillary Wakili Sigei while presenting the report to the Senate plenary.

“Of the 168,801 submissions received, only eleven stakeholders gave specific feedback on the bill’s clauses, whereas the majority strongly rejected the proposed amendments. ”

During his State of the Nation Address on November 21, 2024, Ruto stated that economic indicators revealed a healthy economy.

While we may not be at our desired stage, we are certainly not where we were two and a quarter years ago. At that time, the cost of living was significantly high, with the prices of essential food items out of reach for many households, President Ruto noted.

Ruto mentioned that the Kenyan shilling had stabilized against the dollar from Ksh169 in February 2024 to the current Ksh129.

Ruto explained that the 20% decrease had aided in managing external debts, restored confidence in the stock markets, and created a favorable fiscal environment for development initiatives.

He also pointed out that inflation had significantly fallen to 2. 7% from 9. 6% in 2022.