Bottom-Up economic model explained by DP Ruto economic experts

The DP William Ruto's bottom-up economic model is a blueprint targeting to support ordinary Kenyans' investments and enable them financially so the country can produce taxes to drive the economy.

Reacting to doubters of his “hustler's economic model”, a belief that is a cornerstone of his 2022 presidential campaigns, Ruto stated that the trickle-down strategy has failed because it procreated cartels.

He said it has worsened since it aids protection and cronyism that propagates cartels and monopolies that benefit a few.

“The conversation has changed,” he said.

The second in command says “bottom-up-middle-out economic approach” which has been received with admiration and criticism in equal measure is the solution to the economy.

His supporters applaud it saying it is a bridge to the widening gap between the rich and the poor while former Prime Minister Raila Odinga saying it is a copy and paste manifesto of the ODM party.

Raila and ANC leader Musalia Mudavadi, who are both presidential aspirants in next year's general election, have also anchored their campaigns on the need to restructure the economy.

DP Ruto said the trickle-down economics has been practised in Kenya since independence, and it is time to move to the bottom-up approach which will bring onboard all Kenyans.

Ruto says the model has the answer to the country's economic woes as it will help more than 15 million jobless Kenyans.

“I will work hard to implement every aspect of what I am pledging. The bottom-up economy will work and must work, this I can assure Kenyans and I will be accountable to them,” the DP said.

Some of the think tanks crafting the DP’s blueprint include former Central Bank Governor Njuguna Ndung'u, economist David Ndii, former Cabinet Secretary Davis Chirchir, who is an ICT expert, and Larry Gumbe, a former ally of ODM leader Raila Odinga.

Others in the team are Augustine Choge, Jason, Edward Kisiangani,  Mugambi Mureithi, Raphael Munavu, former Raila ally Eliud Owalo and communications expert Barrack Muluka.

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