Nandi Senator Kiprotich Cherargei has differed with some of his counterparts from the North Rift region over the proposal by the State to raise the debt ceiling to Sh9 trillion.
While making his contribution on the floor of the House, Senator Cherargei said he will go down in history as having opposed the ‘insatiable appetite’ of borrowing by the Kenyan government.
He said according to World Bank developing countries should not borrow more that 40 per cent of the Gross Domestic Product(GDP).
The controversial Senator also queried the skewed manner in the allocation of projects funded by the loans, saying some regions in the country have been left out.
“The Cabinet Secretary(Treasury) gave us a skewed project allocation across the country, as we speak, sadly in Nandi County there is no project that is being funded through this heavy, uncontrollable and gluttonous borrowing by the National Government,”said Cherargei.
The lawmaker said even the mega Keben Multipurpose Dam project, which is in Nandi County, had not been factored in the projects to be funded by the loans.
Cherargei said Kenya’s strategic assets are at risk of being auctioned and further pointed out that allocations to devolved units will decrease.
The legislator warned the National Government saying “vitu kwa ground ni different” (things on the ground are different). He said the economic downturn has affected common citizens, citing a litre of milk that is currently being sold at Sh20 per litre in the North Rift region, tea bonuses that have gone down and the dwindling maize prices.
“I want to declare my stand, that when this motion comes, I will vote against it because I have heard the voice of the people of Nandi that we should not continue borrowing yet the economy is not doing very well,”said Cherargei.
“Let us vote to protect Kenyans because ‘vitu kwa ground ni different’ (things on the ground are different),”he added.