NewsPolitics

Mudavadi dismisses Ruto’s bottom-up economic model

Amani National Congress (ANC) leader Musalia Mudavadi has dismissed Deputy President William Ruto’s bottom-up eceonomic model.

According to Mudavadi, Kenyans do not need theoretical models but tangible solutions that will be felt in trying to bring back the economy of this country to its feet.

Speaking during a church service at ACK Emmanuel Riruta Church in Kawangware, Nairobi, the ANC Leader has called on Kenyans to interrogate all the leaders who have fronted themselves for the Country’s top seat before making a formidable decision come August next year.

“Let us not confuse Kenyans by talking about models. What we need is to be practical about our public debt, corruption and agree if taxation is becoming a problem. People are feeling the weight of taxation that is now becoming punitive,” Mudavadi said.

He said the country is faced with an economic crisis that needs serious attention but not through models.

He defended his approach to the revival of the economy by stating that the real issues to be tackled first are the public debt, taxes, and revenue collection.
The ANC Leader says his approach is aimed at giving solutions that will be practical rather than the rhetorical conversation of the model that looks academic on paper but far much away from reality.
On public debt, the one-time Finance Minister says rescheduling some of our debts and negotiating with our foreign donors for restructuring some of the debts will be key.
Mudavadi also says there will be a need to assess the progress of the infrastructural projects currently ongoing and see which ones are viable to proceed to completion and which ones need a break for some money to be injected into sectors of production to boost the country’s Growth Domestic Product.
Meanwhile, Ruto supported his bottom-up economic model saying the strategy is tailor-made to address the social-economic needs of the poor.

In a church service in Langata, he said that is solely focused on deliberately creating jobs, liberating ‘hustler enterprises’, and empowering our poor farmers/herders to produce so as to free them from the ‘slavery’ of aid.

See also  Justin Muturi sworn in as country's eighth Attorney General

“There is an ongoing debate about the bottom-up model. It has generated so much talk. Others are confused, they don’t comprehend it. It is about the lifting of everybody so that we can be together in a nation where nobody is left behind,” he said.

He added that leaders should be mindful of the needs of Kenyans who are disadvantaged by the current economic model that has impoverished them.

He called upon leaders to embrace the economic model.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button