June 14, 2024

Raila responds to government plans to sell state parastatals, warns of dire consequences

2 min read
Raila responds to government plans to sell state parastatals, warns of dire consequences

Azimio leader Raila Odinga warns the Ruto government against privatizing the Kenya Pipeline Corporation (KPC) as one of the state parastatals to be sold

Azimio leader Raila Odinga warns the Ruto government against privatizing the Kenya Pipeline Corporation (KPC) as one of the state parastatals to be sold.

Speaking on Tuesday, November 28 in Kisii County, Raila claimed that fuel prices will skyrocket if KPC is sold as intended by the government.

“They have announced their intention to sell government agencies, and among them is the Kenya Pipeline Corporation (KPC) and the National Oil Corporation.

“If the Kenya Pipeline Corporation falls into the hands of private individuals, the price of oil will skyrocket even a hundredfold. KPC is a strategic investment that should not be sold under any circumstances, but they want to sell it,” said Raila.

The Azimio leader pledged to issue a detailed statement about the government’s plans to sell certain state parastatals.

Remarks by Raila Odinga come after the National Treasury on Monday unveiled the new privatization programme that will see eleven parastatals put up for sale.

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The parastatals include; Kenyatta International Convention Centre (KICC), Kenya Literature Bureau (KLB), National Oil Corporation (NOC), Kenya Seed Company Ltd, Mwea Rice Mills, and Western Kenya Rice Mills Ltd.

Others are; Kenya Pipeline Corporation, New Kenya Cooperative Creameries, Kenya Vehicle Manufacturers Ltd, Rivatex East Africa Ltd, and Numerical Machining Complex.

President Ruto on Thursday last week announced that his government was to privatize 35 state companies in a move to boost productivity following a change to laws.

Ruto had in October signed into law the Privatisation Bill, 2023 after being passed by the National Assembly in September.

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