By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: How Ruto cut the unga price in just two years
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > How Ruto cut the unga price in just two years
News

How Ruto cut the unga price in just two years

Ivy Irungu
Last updated: September 13, 2024 2:45 pm
Ivy Irungu 8 months ago
Share
SHARE

President William Ruto is marking two years in office on Friday, during which his administration has made significant strides in the agricultural sector.

At the start of his tenure, Ruto highlighted that food accounts for 54% of household expenditure and vowed to focus on agricultural reforms to reduce the cost of living. His administration shifted its strategy from subsidizing consumption to subsidizing production and boosting agricultural productivity.

In a paid advert, the government outlined its strategies to achieve these goals: reducing the cost of farm inputs, increasing farmer incomes, creating more jobs in the agricultural sector, and improving productivity and value addition.

The government enhanced the fertilizer subsidy program, which included digital registration of farmers and making low-cost fertilizer available to them. This initiative aimed to boost food production, reduce consumer food costs, and create job opportunities in agriculture.

The advert noted a 514% increase in the number of fertilizer bags distributed to farmers and a 58% reduction in the cost per bag of fertilizer. This has led to a 38.9% increase in maize production and a 33.7% reduction in maize imports.

READ MORE  Hackers shake Kenya’s digital financial system

“Due to increased maize production, maize imports (50-kilogram bags) decreased by 10.8 million bags, from 32.04 million bags in 2022 to 21.24 million bags in 2023, resulting in a 33.7% reduction in imports,” the advert stated.

The government also reported an additional 24 million 50kg bags of maize, rising from 61.74 million in 2022 to 85.7 million in 2023, representing a 38.9% increase in maize production. This has contributed to a 23.3% decrease in the cost of two-kilogram maize flour.

“The subsidy program has reduced the shelf cost of flour by an average of Sh39.5, with the price of a two-kilogram packet of maize flour falling from Sh169.9 in 2022 to Sh130.38 in 2024, a 23.3% reduction,” the advert added.

Additionally, the government has worked to improve key agricultural value chains.

The government has taken several steps to support the agricultural sector and enhance value addition. It has eliminated VAT on tea purchased from local factories for value addition and has supported MSMEs by providing equipment for specialty tea production. As a result, smallholder farmer earnings have increased by 11.8%, rising from Sh59.02 billion in 2022 to Sh66 billion in 2024.

READ MORE  Former Ngilu employees are being charged with corruption by an anti-graft body.

Additionally, the government has distributed 556 metric tonnes of sunflower seeds across 34 counties and invested in seed multiplication and coconut cultivation. This has led to an 8.3% increase in the acreage under sunflower farming, growing from 60,000 acres in 2022 to 64,980 acres in 2024.

Efforts to revitalize the leather industry include operationalizing the Kariokor Common Manufacturing Facility, completing the Central Effluent Treatment Plants at Kenanie Industrial Leather Park, and providing training and tools to industry players.

Livestock insurance coverage has expanded by 65.5%, from 304,211 in 2022 to 503,469 in 2024. These initiatives have resulted in a 30% increase in the utilization of processing capacity for skins, growing from 40% in 2022 to 70% in 2024.

The guaranteed minimum price for milk has been raised from Sh37 per litre in 2022 to Sh50 per litre in 2024, marking a 35% increase. Milk production has also grown by 13%, rising from 4.6 billion litres in 2022 to 5.2 billion litres in 2024. Furthermore, rice production has increased by 19%, from 192,299 metric tonnes in 2023 to 229,064 metric tonnes in 2024.

READ MORE  CS Kindiki in Kilifi to oversee postmortem examination of 110 bodies

You Might Also Like

All 9 Individuals On Board A Navy Aircraft Managed To Escape Unscathed After The Plane Overshot The Runway And Came To Rest In The Ocean

Ghost cities, tight security ahead of anti-government protests

Kenya Power announces power interruptions in six counties

Migori: Two people shot in anti-government protests

Calm in the capital while protests begin in Kisumu, Migori.

Share This Article
Facebook Twitter Email Print
Previous Article Putin establishes a new missile defense red line.
Next Article School heads receive a strong warning from TSC regarding adherence to safety rules.
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Emotions run high as leaders pay tribute to the late Charles Were
  • “Life Is Short, We Must Enjoy It” – Drunk Kenyan woman tells husband after staggering home at night in viral video
  • Vatican sets May 18 for Inauguration of Pope Leo XIV
  • Clout-chasing? MULAMWAH and RUTH K spotted together in Eldoret days after announcing break up (PHOTOs)
  • Marital Woes!! Nairobi woman returns from work to find husband gone with household items (VIDEO)

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?