Ruto Economics. Solution to our Economic Crisis or Not
Months after being sworn into office after a hotly contested presidential election, Ruto implemented his bottom-up economic agenda. He was brave enough to drop the ongoing maize floor subsidy that the Jubilee government had previously implemented as an intervention to lower its price. President Ruto explained that it was not sustainable for the country to continue subsidizing consumption and felt it was time to subsidize production. In economics, that was spot on. President Ruto visits his maize firm on 28th June 2023 The government embarked on production subsidy, which saw the Ministry of Agriculture supply subsidized fertilizer to the people in an attempt to lower the production cost. Months later, President Ruto posted a photo in his large garden where he planted maize with subsidized fertilizer, just like any other farmer. The photo shows that the maize is about to mature, and it seems the dream of stabilizing the price of maize floor in the country is almost. The big que...