President William Ruto has said Kenyans will henceforth contribute 3 percent of their income towards the housing fund.
According to the head of state, his administration will strengthen the Housing Fund as part of efforts to help Kenyans purchase affordable housing units.
Moreover, President Ruto noted that even as the government will be rolling out the affordable housing program, there must be a plan to address financing low-income earners to purchase the housing units.
As such, the head of state stated that Kenyans will now contribute 3 per cent of their income and begin their journey of owning a house.
“Every employee who contributes 3 per cent, the law will compel their employer to also contribute 3 per cent to the Housing kitty,” President Ruto added.
While speaking during the official opening of Friends Church (Quakers) in Donholm, Nairobi County the President also said civil servants will benefit from the program.
Likewise, the head of state said the move to increase the National Social Security Fund (NSSF) has helped the country increase its savings.
According to him, increasing NSSF will help the country to manage its foreign debt by borrowing locally.
“In just two months, we have doubled the amount of money that we are saving as a country,” he said.
Additionally, the head of state reported that the government is working with Nairobi County to clean and make it green.
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“We are not only going to clean the city of Nairobi, but we are also going to generate electricity out of the refuse of the city,” he added.
President Ruto further told Nairobi residents that the government will increase the number of affordable housing units to ensure they live in decent houses.
The president also urged the opposition to take advantage of the bipartisan committee to address issues of concern.
“There is no need to destroy people’s property in protests. Opposition leaders should present their grievances to Parliament,” he said.