The World Bank Has Provided Ksh.46.5 Billion ($350 Million) In Funding For The Second Kenya Urban Support Programme. President Willam Ruo Has Pledged To See To It That This Money Is Used Responsibly.
Ruto Stated That Attaining His Government's Urban Development Strategy Will Be Greatly Aided By Sustainable Financing During The Program's Tuesday Launch At State House In Nairobi.
"We Shall Now Proceed To Actualise Our Ambition Of Holistically Achieving Sustainable Urban Development By Enhancing The Resilience Of Infrastructure And Services, Engaging The Private Sector In Urban Planning And Development And Integrating Refugee Camps With Host Settlements," He Said.
To Fund Their Development Initiatives, President Ruto also challenged Governors In Each State to Increase Revenue Collections.
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He Informed The Governors That, Rather Than Relying On Loans That Would Be Paid Back, Their Own Revenue Sources Would Simplify Operations At The Devolved Units.
The Nation Needs To Stop Relying On Foreign Aid And Start Funding Its Projects, According To The Head Of State.
"For Our Part, The National Government Is Establishing The National Urban Development Fund To Anchor The Urban Development Agenda In A Sustainable Framework," He Said.
A Number Of Governors, Accompanied By Their Chair, Anne Waiguru, Pledged To Ensure the Program's Success.
