President William Ruto has assured Kenyans that the country is safe from the debt crisis, maintaining that the country's economy is headed in the right direction.
On Tuesday, Ruto addressed the 60th Jamhuri Day festivities at Uhuru Gardens in Nairobi when he attributed the achievement to sacrifices to ensure the nation's economic stability.
The Head of State stated that all economic indicators are positive, with inflation at 6.8%, down from a high of 9.2% last year.
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"In the last 6 months, our GDP has grown at 5.4%, making Kenya the 29th fastest growing economy in the world, according to the World Bank," he said.
Ruto outlined the government's commitment to accelerating economic progress in a futuristic move aimed at focusing on human capital.
"Our human capital, our innovative, smart-working, professional labor force is probably the single most potent arsenal we have to drive our economic progress. Our expenditure on training, learning, and education in general is a most appropriate investment in the development of the human capital necessary for our economic progress," Ruto asserted.
The Head of State went on to describe the government's efforts to improve the education sector, which have included increased funding.
"Out of this, Ksh.46 billion will support the new university funding model, an additional Ksh. 9 billion to cover our TVET funding model and the hiring of an extra 2,000 tutors, an additional Ksh. 47 billion to enable TSC to hire 56,000 teachers and other interventions, and Ksh. 24 billion for basic education," he said.
President Ruto addressed the classroom shortage in Nairobi County, referring to it as one of the government's commitments to improve educational facilities.
"We have undertaken to build 3,500 additional classrooms with the first Ksh. 1 billion allocated in this year’s budget to address the classroom deficit in Nairobi county," Ruto said.
