Wednesday, May 22,2024 - Controversial lawyer and barrister Miguna Miguna has
blasted President William Ruto’s administration over high interest rates on bank loans.
In a social media post on
Wednesday, Miguna Miguna said high interest rates of between 20-26 percent will
slow down economic growth.
The 'General' further stated
that high interest rates would lead to the country's bankruptcy, resulting in
destitution and hopelessness.
According to Miguna, Kenyans
will reach their limit in suffering, leading to chaos that will make what is
happening in Haiti look like child's play.
“There is no country which has had 20-26% lending rates per year and experienced any economic growth and/or prosperity. NONE. Zero. Zilch.
"So, how do the geniuses at the Bretton
Woods institutions, at @StateHouseKenya, @CBKKenya, and at the Ministry of
Finance intend to perform miracles that have never been performed since
antiquity?
“Those fleecing the country through these criminal unsustainable interest rates will bankrupt the country and render Kenyans destitute.
" It will make Haiti look like Nirvana,” Miguna wrote on his X
The Kenyan DAILY POST
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