Account for Eurobond loan, Wanjigi now tells Jubilee government
By People.Reporter, April 8, 2022
Safina party presidential candidate Jimmi Wanjigi now wants Jubilee government to account for Ksh100 billion Eurobond cash before leaving office in August.
Wanjigi said the Eurobond is one of the major triggers of the debt problem facing Kenyans.
“The Eurobond theft is unlike any other, in the country’s history. Kenyans must demand to know from the Government what the money did. It’s not a favour the Government must account for the funds,” Wanjigi said.
He claims the government borrowed US dollars 2 billion through the Eurobond, but can only account for half of the borrowed amount.
“We have borrowed money we never should have. We have engaged in projects that continue to burden Kenyans every day making them poorer and poorer.
“The SGR which cost us Ksh 380b from Mombasa to Nairobi yet we could have done a better job with only Ksh 55b from Mombasa to Malaba had this government adopted the initial plan we had,” Wanjigi said.
He said the initial proposal was to upgrade the old meter gauge railway from Mombasa to Malaba, but when the President Uhuru and his Deputy William Ruto took over, things changed.
“They went to the Chinese and came up with a whole new project that has cost the taxpayer billions yet it does not serve the intended purpose. Kenyans are paying for a project they never needed in the first place.
“The railway levy is in every aspect of taxation today whether you use the railway or not,” he said.
He said the cost of living has gone up because of the public debt, blasting the Finance CS Ukur Yatani’s 2022/2023 budgetary allocation saying it does not offer any hope to poor Kenyans.