Uhuru and Ndii in one room?
Economist and Political strategist Dr David Ndii and President Uhuru Kenyatta have been like water and paraffin; total foes!
However, Senior Counsel Ahmednasir Abdullahi believes that Uhuru Kenyatta should soften his heart and allow some advice from ‘enemies’ like Ndii since it would help the economy. This is after the President used the Japan Example on Kenya’s debt status.
The issue of debt is not about incurring debt, it's about how you use it. Are you using that debt for development? To expand your GDP? To open up your country?
When we talk about debt it must be viewed in comparison with the GDP ~President @UKenyatta#PresidentRoundTableKE— State House Kenya (@StateHouseKenya) December 28, 2018
The responses were fast and swift from different experts who think that the president should not use examples as Japan since they have a way stronger economy and can withstand debt without corruption tipping the metrics over.
Your Excellency @UKenyatta we can't compare our debt/gdp ratio to that of Japan. Different countries have different tipping points when it comes to debt. Japan is a wealthy nation. Their 200% deb/gdp is our 50. Also why Japan is one of our big creditors. Sisi we can lend to who?
— Mohamed Wehliye (@WehliyeMohamed) December 28, 2018
H.E Uhuru needs to hear the views of experts who don’t work for him like Mr. Wehliye and Dr. Ndii…it causes no harm and they are more competent than those who work for him…H.E can I organise a meeting?
— Ahmednasir Abdullahi SC (@ahmednasirlaw) December 28, 2018
Japan’s foreign currency reserves is at $1.3 trillion. Kenya’s GDP is $80 billion & our foreign currency reserves is at $8 billion. With their reserves only, they can buy all the goods and services produced in Kenya for the next 15 years.
— Mohamed Wehliye (@WehliyeMohamed) December 28, 2018
This is not earth shattering news….consider the fact that the coca cola company made 1.3B US$ profits last yr..it can single handedly finance kenya’s budget for a month without any single person in kenya or company paying any tax..
— Preeth Xavier (@zavier_pk) December 28, 2018