The local mwananchi is faced with a high cost of living implicated by increase in prices of basic commodities, high inflation rate and increased interest rates from financial institutions. It was evident that kenyans gulped out a sigh of relief after ushering in the kenya kwanza government whose agenda revolved around the hustler narrative.
Ruto's government has spelt out itself on the need for seeking permanent solutions to the high cost of commodities. Their first move was to stop further subsidy programs on petroleum products and flour which is meant to save billions monthly. Though practical, there are numerous challenges that might hinder the government from satisfying its citizens by lowering basic commodity prices.
The main challenge is that kenya is growing economically which requires more revenue to keep the pace. For infrastructure developments, it requires huge capital sourced from international financiers for example the world or imposing heavy taxes on the local mwananchi for sustainable development. Basing on the fact that the government wants to minimize international loans, we are then left with no alternative but taxation.
Another reason why prices are unlikely to drop is due to high inflation rates witnessed worldwide. Almost everybody in the world is lamenting about high cost of living attributed to the sanctions on Russia for the war in Ukraine.
It's high time that citizens embrace the high cost of living since it cannot be dealt with from boardroom meetings and presidential orders. We have to be hopeful that the government provides employment opportunities promised in their manifesto for economic sustainability.
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