WANJIGI: Kenya Is Bankrupt But Ruto Won’t Admit It

Spice FM © 2024

[sandersonwanjiru]

The document Wanjigi brought with him should have been attached for our review. I am confident that a new era for Kenya is on the horizon. With such insightful minds, we cannot remain in the dark for long. Despite our current situation, we will soon see progress. These discussions should be fundamental to our everyday conversations in Kenya.

[ngongnganga]

This is my first time listening to Jimi Wanjigi speak. He has every thing it takes to lead the Kenyan nation. What a beautiful shot of fresh air! very knowledgeable and articulate. If only we can get over silly tribal affiliations and elect men and women of this caliber!

[VanceUdoto]

This episode needs to be amplified in bits of each question to ensure each discussion question is easily picked out...
JW is a brilliant mind!! FACTS FACTS FACTS!!

[NyakwarDani]

Mr. Wanjigi, your next challenge is to put this into a language that a voter is able to understand and consume. A statement/slogan that captures and defines the economic struggle - folks, let’s educate the common/average kenyan voter.

[johnnjoroge]

This is the one man I will wake up to on the morning of election day to vote for. There is no one who has articulated our economic problems better than him in my opinion

[abocas]

Not a Kenyan, but I hugely admire Wanjigis insight and obvious talent for making economic/financial matters accessible to a wider audience.
Given the fact, that you Kenyans have a severe tendency to elect the wrong people for just about any public office, you could possibly redeem yourself by electing this man for the country's highest office.
He does come across as someone who cares.
I watched many interviews with Wanjigi and when asked why he cared, he gave a brilliant and probably very honest answer:
" I am a businessman, I am in the money-making business. I can only make money if people have money".

[happyone]

JIMMY for presidency 2027. Very knowledgeable dude. Kenyans, without tribal feelings, JIMMY is a good candidate for the country's presidency. Jimmy l have said many times that you are the kind of president Kenyans need. You have what it takes and when you get it His Excellency Sir, Kenyans will be relieved for a moment to have an economic genius in office.

[kaka-mxbl]

I like listening to jimmy..he is so articulate and knowledgeable. He explains technical accounts in a very simplified way.

[pchab]

Eric, Ndu, CT we will keep saying it- you have a brilliant world class show (informative, educational and entertaining). But please, we can always "up our game". Hire an intern, a savvy tech team, to give you GRAPHICS...not everything can be understood with just words. Especially when it comes to finance/economics...today Jimmy came with spreadsheets...but an intern could show pie charts or bar graphs as he illustrated the case. Helps people understand.

[realtalkh]

Jimmy, you have my vote. We need change.

[linetmutheu]

Only analyzed upto 11:39-so in summary this is what Wanjigi is talking about-The Finance Bill is not part of the budget; it is just for revenue. It has come for public participation before we have approved what that money will be used for.

According to the law, the process is as follows:
1. Publish revenue and expenditure estimates.
2. The committee reviews it.
3. Public participation occurs.
4. It goes back to parliament to form the Appropriations Bill, which is the budget.

Wanjigi argues that there is a problem with the process because the Appropriations Bill hasn't been seen yet. This is against the law, which specifies the correct sequence. The debate should not be on revenue-raising measures before knowing the expenditure plan.

Wanjigi uses the analogy of building a house: you need the design (budget) before estimating costs (revenue).

Skip to 7:11 where Wanjigi tells Eric that he is aiding and abetting.

The Budget in legal terms is called the Appropriations Bill, which the president signs. It includes:
1. Estimate of revenues: how much is needed and where it will come from.
2. Expenditure: what it will be spent on.

Once the president assents (formal agreement or approval) to the Appropriations Bill, it becomes the Appropriations Act. Public participation is needed to pass this bill. Only after the bill is passed should revenue-raising measures be discussed.

During public participation, we might reject certain expenditures, which affects the budget policy statement but doesn’t mean it will pass the appropriations. Introducing a housing levy in the Finance Bill prematurely is out of sequence with the legal process.

This happened last year when the LSK went to court citing procedural and substantive illegalities, challenging parliament for not following the proper process. This year, the same mistake is being repeated, leading Busia Senator Okiya Omtatah to go to court.

Omtatah and Mr. Eliud Karanja fault parliament for prioritizing the Finance Bill, 2024 before considering and approving the Appropriations Act, 2024, which is against the legal process.

Thus, public participation is premature as the revenue and expenditure estimates have not been published yet. Kwame mentioned the Finance Bill is proposing up to 200 tax measures, but we don't know what this money is for due to the lack of published revenue estimates.

[rodgers]

Nice one Jimmy, thanks for always opening our eyes. The only guest who makes this great panel scratch their heads with figures .

[allenmwiwawi]

Next time you welcome Jimmy. Provide him with a writing board. All those figures needs to be written for easy of understanding.

[Madlyafrican]

Jimi Wanjigi is such a breath of fresh air. Doing the lords work on behalf of Kenyans I've had a better understanding of about the fiscal position and budget. Please bring him again.

[CG-zrxb]

This man is simply brilliant. I can listen to him all day long. And walk away enlightened

[LLL]

Wanjigi you are smart😮 Thank you for educating us on matters economy, constitution, history and governance. The middle class have let this country down.

[nyobs]

Jimi Wanjigi has explained a lot. He has knowledge and a heart that is required to put this country on a recovery plan ecomomically without taking money out of people´s pockets.

[elizabethathiambo]

This is the guy who could make kenya look great like mwai kibaki

[njugunawaitara]

The problem with most citizens of this country is that few can comprehend what Jimmy is talking about. Most people are too simplistic to listen to this conversation beyond five minutes. Those saying Jimmy for president, that he is a breath of fresh air are the educated and the elite who are the minority and therefore currently inconsequential. Politicians like Ruto know this. Kenyans would rather listen to Sudi, a man who has nothing beneficial coming out of his mouth

[tomswango]

The media is failing us. How come nobody is airing Wanjigi's gospel