Home News Raila Odinga issues statement after Senate passes Revenue Sharing Formula

Raila Odinga issues statement after Senate passes Revenue Sharing Formula

Orange Democratic Movement party leader Raila Odinga has issued a statement after the Senate passed the Revenue Sharing Formula that will be used for the next five years, after implementing a proposal by the Special Senate Committee formed to come up with an agreeable formula.

In a statement, the former Prime Minister pointed out three key things as he thanked President Uhuru Kenyatta after he intervened in the standoff with Ksh. 50 billion promise to Counties in the next financial year.

“The President’s intervention helped the country break the unfortunate stalemate that was also being used by populist politicians to profile revenue sharing as a county against county or region against region contest over national resources, thus polarizing the nation. In the end, however, the nation has won over vested partisan political interests,” read part of his statement.

Raila also thanked the Senators for ending the stalemate that took them a record ten sittings to come to a common ground.

Raila stated that the revenue standoff has made it clear that the country must occupy itself with going forward if it is to avoid a similar impasse in the future.

“First, it became clear that even as we talk of shared prosperity, our productivity as a nation is way below the demands of our growing population. The “Plenty” we envisage in our National Anthem has dwindled significantly over the years, leaving our people to fight over very meager resources,” read another part of the statement.

He added that the leaders must urgently return to debating how to create fair and equal chances for every Kenyan to participate optimally in national productivity and wealth creation.

He explained that this would help the country create wealth that is more than enough for every Kenyan to share.

He further added that the Building Bridges Initiative (BBI) reforms, had proposed to raise the minimum percentage of national revenue to counties from at least 15 percent to at least 35 percent.

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