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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya’s New President Scraps Petrol Subsidy (266 Views)
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Kenya’s New President Scraps Petrol Subsidy by Bassa1: 1:30pm On Sep 18, 2022 |
Kenya has scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable, in a move that could add to upward pressure on inflation President Ruto says subsidies have been costly and prone to abuse, including causing artificial shortages of subsidised products. Some of the key challenges the new president faces include bringing down the high cost of fuel and food in East Africa’s most dominant economy. But he will also have to grapple with subsidy measures that policymakers warn could empty the country’s coffers – and debt inherited from his successor, Uhuru Kenyatta. https://www.aljazeera.com/news/2022/9/15/kenyas-new-president-scraps-petrol-subsidy
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Re: Kenya’s New President Scraps Petrol Subsidy by yinkus6750(m): 1:46pm On Sep 18, 2022 |
Africa my Africa. This we didn't know the cost and percentage of increase. Better to face the subsidy monster once and for all. |
Re: Kenya’s New President Scraps Petrol Subsidy by AdamuKD: 1:47pm On Sep 18, 2022 |
He learnt the format from Obi And the satanic keyamo was pouring himself saliva when obi was proposing the removal of oil subsidy fool 1 Like |
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