President Ruto call on KAM to inject more funds to farmers to boost the country’s GDP
President William Ruto has today affirmed that his government will create a conducive environment for the manufacturing sector to flourish during the 20 by 30 Initiative High Level Meeting.
Attending the Kenya Manufacturers (KAM) decade long plan on productivity, growth and contribution launch held in Nairobi, the President expressed commitment to support farming and manufacturing environment so as to steer country’s Gross Domestic Product (GDP) and revenue collection.
“I am very confident moving to the future by 2030 Kenya will raise the country GDP from Sh1million to Sh4million,” said Ruto.
He said the government will invest in value addition and agro-processing that have the potential of creating jobs for millions of youth.
Ruto revealed that Kenyan farmers are already working too hard to produce dairy and farm products including Tea, Cotton and Coffee and in returning reaping less hence asked the Kenyan Manufacturers to give the agrarians value for their hard work.
“Farmers are pillars of this nation and ought to be recognized for the same. The reason to why Africa is importing Farming and Dairy products is because Kenya has not taken its Space. We are going to add value to our products,” he said.
The President stated that we are spending a lot on importation as a country which should be cut.
“Am here to support you. The cotton value chain is a big value chain already established by policy makers to be utilised,” he said.
Ruto claimed to be aware of an increase in number of fake stamps than the genuine hence lowering collection of taxes.
The President said there was no reason why Kenya should sell 95 per cent of its tea in raw form.He also challenged manufacturers to fill the gap and inject value in agricultural products to allow farmers to earn more.
