Moses Kuria, the Trade Cabinet Secretary, said that Ksh. 1.8 billion had already been given to the contentious Housing Fund.
CS Moses Kuria claims that 30,000 Kenyans have contributed to the funding, and he will now seek further donations from investors who would increase the money needed to build homes.
“With gearing, I can quickly persuade investors to double this by 25 to produce Ksh 45 billion worth of homes. It costs Ksh 2.5 million per customer, and that is 18,000 homes,” he tweeted on Saturday.
CS Kuria elaborated on his points by claiming that the 18,000 homes that would be built would result in the creation of 180,000 employees as each house generates 10 jobs.
“Every home generates 10 jobs. With a pool of 30,000 voluntary contributions and a leverage of approximately 25X, that’s 180,000 jobs right there, “said CS Kuria.
According to CS Kuria’s calculations, if the investment from 30,000 Kenyans generates 180,000 jobs and there are about 3 million Kenyans receiving wages, then the home-building programme would generate a total of 18 million jobs.
“By the same rule, that’s 18 million jobs,” he claimed.
He reaffirmed that the government’s commitment to “changing this nation” will not alter. Some Kenyans have been advocating for the housing fee to be optional rather than requiring payment.
A proposal that asks workers to contribute 3% of their monthly paychecks is supporting the enormous effort to provide Kenyans with affordable homes.
“They are currently raising Ksh 1.8 billion. With gearing, I can quickly persuade investors to double this by 25 to produce Ksg 45 billion worth of homes. That works out to 18,000 homes at Ksh 2.5 million. Each…” Kuria tweeted.
Raila and other members of the Azimio la Umoja alliance made threats to demand the division of the nation into two independent administrations.