President William Ruto has said that the government's commitment to reducing the cost of living is bearing fruit. The President said that by supporting agricultural production, the country has addressed the high cost of living. https://bit.ly/467PCLu
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00:00 The cost of living is not an abstract phenomenon.
00:04 It is a reality experienced by households,
00:08 which can be addressed through practical action
00:11 and effective measures.
00:14 One of the most salient interventions
00:16 in addressing the high cost of living
00:18 is the strategy to support agricultural production
00:22 throughout the sector, ranging from food and cash crops
00:28 as well as livestock value chains.
00:32 I am committed to put the shame of hunger behind us
00:36 once and for all.
00:38 We rolled out a countrywide farmer registration
00:42 and fertilizer subsidy program that
00:44 has made available 5.5 million bags to farmers across Kenya.
00:51 We have progressively reduced the cost of fertilizer
00:54 from 6,500 to 2,500, increased maize acreage and production
01:02 by an extra 200,000 acres this year,
01:06 and enhanced maize production by an additional 18 million bags
01:12 this year.
01:14 As a result of these interventions,
01:18 today a two kilogram packet of maize flour
01:22 is selling at a low of 145 and a high of 175,
01:27 depending on the brand you buy, down from 250 shillings
01:36 a few months ago.
01:38 The famous gorogoro of maize is selling at between 60 and 75.
01:45 Honorable members, you know how much
01:47 it costed a few months ago.
01:49 We have also established 22 new fish landing sites
01:55 in nine counties in Nyanza and the coast region.
01:59 We have funded and organized beach management units
02:03 into cooperatives, set up two hatcheries in Kabonyo
02:08 in Kisumu County and in Shimoni in Kwale County.
02:12 And we are in the process of completing
02:15 Liwatoni fish processing plant in Mombasa
02:19 by end of next month and Shimoni fish port
02:23 by the end of next year.
02:25 Again, to bring our blue economy resources
02:29 into the realm of food production.
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