Government’s new plan to reduce cost of living

Kenya’s Government Spokesperson colonel retired Cyrus Oguna says the government is working to ensure that the cost of living goes down.

This he said will be done by putting a waiver on import duty that applies to white non-Genetically Modified Organism (GMO) maize imported into the country on or before 6th August 2022.

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To further reduce the cost of living, Oguna said the government has set aside 5.8 billion shillings to subsidize fertilizer and other in-put costs to increase access by farmers so as to encourage higher yields, and to stabilize farm produce prices.

Speaking this morning on KBC Radio Taifa, colonel Oguna said the government has also released 3.5 billion shillings to the tea and sugar sectors to help boost production and to pay farmers. He added that the government has so far identified alternative sources of wheat and that Millers in the country are already importing wheat amounting to two million metric tons per month to meet local demand.

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On fuel prices he said 45.93 billion shillings has been allocated to fuel subsidy program. The Spokesperson  further said 20.85 billion shillings was paid mid last month, thereby making the pump prices in the country the lowest in the region.

  

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