Kenya’s President William Ruto begets to Purchase Russia Fuel in a bid to Slash Cost of Living
By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – In an interview with BBC, the Head of State told that, he will ponder all druthers in a motion to lessen the cost of fuel prices after the fuel subsidy was removed.
“All options are available to us as a country. East Africa would be a good option but Kenya is what we are going to be focusing on,” Ruto stated.
“The strategy we have is to ensure that we work with the market forces on how we can have a government-to government relationship that will get us fuel at probably Ksh 20 to Ksh 25% inexpensive than in the market,” he strengthened.
Ruto accentuated that, despite the high fuel prices flirted with by the termination of the subsidy, he had seized advantage of the loopholes that enabled space for corruption.
“Those are the interventions I am looking at but I had to remove the subsidies because they were a huge drain on resources that would be used for the development of the country and yet the prices were not coming down and it was generally distorting prices of fuel in the country and creating unnecessary shortages,” he asserted.
He upheld the determination by pinpointing that, they were apt to save reserves that will be used for the nation’s enormous growth.
“We now have gotten rid of shortages, we haven’t gotten rid of the high prices but we have done two things, we have saved money that was going down the drain with cartels in the subsidy program and we have eliminated shortages, and I am now moving to the agenda of making sure that we have government government relationships that will progressively begin the journey to bring the prices of fuel down.” He started.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent