Economists have questioned Deputy President William Ruto’s bottom-up economic model poking holes into the theory.
Ken Gichinga, Chief Economist at Mentoria Economics in an interview with KTN said Ruto’s bottom-up economic model has basic fundamentals behind it because looking at the natural progression of Kenya’s economy and of any economy around the world, societies tend to move from agriculture into industrial age into services.
“If you look at Kenya’s economic model is we’ve not really maximized on agriculture, we’ve not maximized on manufacturing and these are sectors, especially agriculture, that can absorb a lot of young people with various levels of credentials,” said Gichinga.
“So I think if we can look at the budget allocation towards agriculture was only 2% of the budget, but there is a whole Malabo Declaration that governments need to commit 10% of their budgets into agriculture,” he said.
The Chief Economist added that it’s a good strategy if that is the direction that the Deputy President wants to go although there are those people who would question why did he not implement those policies when he was once a Minister of Agriculture.
