PRESIDENT UHURU takes on NSSF mismanagement of funds

President Kenyatta's take on NSSF during the ‪‎Wage Bill Debate‬

" Imagine today we sit with an NSSF that has been collecting money and docking every single employee saying that we are doing it for their saving of tomorrow. Imagine today instead of investing in quarries, investing in the Stock Exchange that has no meaning to the mwananchi who is the one who is contributing. Imagine today if NSSF coz they tell us today they are looking for the highest savings, the highest return for the sake of the person contributing, but are they actually looking to see how that person contributing is living today? As a result of them looking for these high returns, they are forcing that person to pay rent that is completely unaffordable. They are making it impossible for that man to ever own a home for him and his family. They are making it impossible for that person to save even in alternative ways. Doesn't it not make much more sense ladies and gentlemen, if we were to say that an organization like that should be investing today to make available cheap loans to the watchman, to the factory worker, so that at least he is able to own a home today, while at the same time expecting something in his retirement? na at least akienda retire ako na nyumba ya kuishi."

Tags: LOCAL NEWS