Mathare Member of Parliament Anthony Oluoch has now claimed that Constituency Development Fund (CDF) could have been diverted by president Dr William Ruto's government to finance Hustler Fund.
In a tweet on Wednesday, Oluoch averred that he, together with other constituency legislators had not been allocated with CDF as they used to do before, few months after being elected to serve in the thirteenth Parliament of the Republic of Kenya.
The Orange Democratic Movement (ODM) quipped that he held reservations that the CDF could have been used by Kenya Kwanza's government as Hustler Fund that was launched on Wednesday.
"We have not received our CDF money and we suspect that this is part of the money that is being channeled to this Hustler’s fund," read Oluoch's tweet.
This comes hours after Ruto's government launched the much-awaited Hustler Fund which formed the backbone of Kenya Kwanza's 2022 general election campaign manifesto of bottom-up economic model. This economic theory, if actualized is all to promote growth of small and medium size enterprises which have been suffering due to inhibitory factors like lack of access to affordable credit.
In the event that was also attended by deputy president Rigathi Gachagua, Prime Cabinet Secretary Musalia Mudavadi and other Cabinet Secretaries, besides president Ruto, all the information concerning the Hustler Fund was availed to Kenyans. It includes the process of registration, applying and repaying the loans.
However, the government leaders emphasized that the fund is supposed to be repaid within stipulated period of time as laid out in its terms and conditions.
Content created and supplied by: Tororey (via Opera News )
COMMENTS