Even though we might differ in opinions about this, a number of us will at large agree that the competency of the present government is indeed questionable. As evident as it is, the continued ‘hiking of prices as a result of lowered subsidies, increase in taxation which is being attributed as a goal to better the economics’ stability which has been wavering for a long time.
As a matter of fact, the unpredictable hyper-inflation might somehow be linked to the continued unstable global market. Statistics suggest that a large percentage of African nations rely on Europe as a trade ally. With the ongoing Ukraine-Russian conflict, a great deal of the global economy has been plunged into unbearable crisis. Kenya relies on Russian federation for the importation of wheat, fertilizers, iron, steel, and paper products which account for 80% of total imports to Kenya from Eastern Europe. The newly imposed sanctions on Russia by the US, has inturn disrupted these trade linkages and supply chains leading to shortages in the market and exponential increase in prices of such commodities.
On the other end the ‘common Mwananchi’ has therefore been forced to face these ongoing global imposters. The sudden rise in price of basic assets has ultimately disrupted the smooth running daily living of most lowlifes. These abrupt shifts has led to an intense increase in crime rates as a great part of the nation is experiencing burglary thefts, shoplifting and unending cattle rustling .CS Kindiki has allegedly addressed the matter as a national security issue and promised that the ongoing trends will soon be laid to rest. Will it be so?
The whole idea and doubts which Kenyans have been implying on the ruling of the current head of state might be a false validation of the reputation the president holds. Change takes time and does feel awkward, as hard as it is, it’sour sole duty to embrace these challenges infinitely as a nation, in order to navigate through the ongoing financial and economic difficulties, as we pave path to a better tomorrow.
These hardships should not act or be in a position to insulate and create room for the continuing global detrimental state to keep weakening the nations’stagnating economic progress. I suppose that this is a crucial and lifetime opportunity for the exploration of ever existing natural resources e.g. oil reserves in Northern Kenya. Years of delayed investments has left these reserves untapped. Attracting more investors along with competing new technology, will be a game changer and life saver to our drowning economic stand. This will create job opportunities and increase in per capita income;stability in fuel prices will be attained and many oil related levies will be repealed, thus allowing the government to direct its’ spending’s towards impactful public expenditure. Who’s to be hold accountable to the success of this and other bunch of lying potential schemes? You name them.
Without a conscious and well objective force, the nations’ direction will be unchecked and we are completely liable to meander in the mush of a lifetime crisis. Instead of consistently shifting, drifting, and adapting to events, our co-heads should safeguard every sector by all means possible. It may not completely unfold in a snap but with time, it will be crystal clear that the nation won’t be stagnating in a zone of economic degradation.
COLLINS MUMO
4th JUNE 2023.
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