Laikipia Budget Tailored To Revamp County Economy
Updated on: Jun 19, 2020
Laikipia County has zeroed in on priority areas to stimulate the local economy in the coming financial year following the ravages of Covid-19 scourge on businesses.
In its estimates for the next financial year, the county government has identified health, trade and enterprise development, agriculture, tourism and mining as priority sectors to jumpstart the local economy.
The budget, which have been specifically tailored to reverse the impact of the Covid-19 pandemic, will see the priority sectors receive more funding to spur the economy.
Health and medical services take up the biggest chunk of the economic stimulus package, with Ksh. 721.3 million shillings going into partial equipping of two mother and child hospital wards in Nanyuki and Nyahururu Referral Hospitals, NHIF subsidy to the vulnerable, community health workers among other areas.
Agriculture comes in second, with Ksh. 402.6 million going into projects to improve crop and livestock production. This will go into the purchase of farm inputs such as certified seeds and fertilizers, extension services and market creation, with additional projects in irrigation development and management.
Ksh. 34 million will go into livestock development, with improved livestock breeds, extension and vaccination services, and market development taking Ksh. 21.3 million. The remaining goes into the development of feedlots for sustainable beef production.
Trade and Enterprise Development will receive Ksh. 259.8 million, where Ksh. 184.3 million will go into enterprise and financial support for 5000 entrepreneurs, cooperative and tourism support, MSME trainings and the construction of Thingithu Market.
Ksh. 58.6 will go into manufacturing support programme, mining and Vocational Training Institution Fund, with Ksh. 59.59 million going into efforts to revive the tourism sector.
The Innovation Programme, which has been instrumental in plugging shortage of essential supplies during Covid-19, is set to receive set to receive Ksh. 30 million.
In its estimates for the next financial year, the county government has identified health, trade and enterprise development, agriculture, tourism and mining as priority sectors to jumpstart the local economy.
The budget, which have been specifically tailored to reverse the impact of the Covid-19 pandemic, will see the priority sectors receive more funding to spur the economy.
Health and medical services take up the biggest chunk of the economic stimulus package, with Ksh. 721.3 million shillings going into partial equipping of two mother and child hospital wards in Nanyuki and Nyahururu Referral Hospitals, NHIF subsidy to the vulnerable, community health workers among other areas.
Agriculture comes in second, with Ksh. 402.6 million going into projects to improve crop and livestock production. This will go into the purchase of farm inputs such as certified seeds and fertilizers, extension services and market creation, with additional projects in irrigation development and management.
Ksh. 34 million will go into livestock development, with improved livestock breeds, extension and vaccination services, and market development taking Ksh. 21.3 million. The remaining goes into the development of feedlots for sustainable beef production.
Trade and Enterprise Development will receive Ksh. 259.8 million, where Ksh. 184.3 million will go into enterprise and financial support for 5000 entrepreneurs, cooperative and tourism support, MSME trainings and the construction of Thingithu Market.
Ksh. 58.6 will go into manufacturing support programme, mining and Vocational Training Institution Fund, with Ksh. 59.59 million going into efforts to revive the tourism sector.
The Innovation Programme, which has been instrumental in plugging shortage of essential supplies during Covid-19, is set to receive set to receive Ksh. 30 million.
