President William Ruto on Tuesday while hosting Parastatal Heads and CEOs of various institutions said time's up for loss-making parastatals. https://rb.gy/gjw3s5
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00:00 Those institutions that are making losses, they have no plan, they have no intention of doing anything,
00:08 please, we will shut them down, we will get the employees to go and work somewhere else,
00:14 and we just stop making the losses. At least we will stop making the losses.
00:21 And I want some of those institutions to volunteer, because if you don't volunteer,
00:27 some of them should tell us, "This institution, please shut it down,
00:31 we will get the employees to go and work somewhere else, and then the Kenyans can stop making the losses."
00:38 We have to be honest, good people, we have to be honest with ourselves.
00:47 And I want to tell you this, by God's grace, I am president today.
00:55 And I did not become president so that I fill up the position, or earn the salary.
01:01 No, that's not why I'm president. We must change our country.
01:08 Our expenditure is what has driven us to where we are today.
01:17 So we must cut down on our expenditure.
01:25 We must rationalize, we must make it much more efficient,
01:34 we must deal firmly and decisively with pilferage and wastage and theft and the so evident corruption.
01:50 We must firmly and decisively deal with it.
01:57 It is the only way we are going to deliver the services that the people of Kenya expect of us,
02:07 manage their taxes well, cut down on expenditure, reduce on borrowing.
02:16 [BLANK_AUDIO]