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Legislator to reintroduce prices Bill

CARTOON
By | September 27th 2010

By Moses Njagih

Mathira MP Ephraim Maina says he will re-introduce an amended Bill to introduce price control on basic commodities after President Kibaki punched holes on an earlier one, which Parliament had passed.

Mr Maina said after President Kibaki declined to assent to the Price Control (Essential Goods) Bill 2009, he had factored the concerns raised by the Head of State and would be tabling the amended Bill.

The legislator, who was the Bill, said it was crucial for Kenyans to be cushioned against exploitative businessmen by having a law that allows the Government to regulate prices of essential commodities by setting maximum retail and wholesale prices of such goods.

Speaking at Kianjogu Secondary School in his Constituency, Maina said as Parliament prepares to return to its legislative business tomorrow, he will be seeking to re-introduce the Bill for the interest of Kenyans who are suffering exploitation by traders.

"I have always insisted that the Government must come up with regulatory measures to control prices of basic commodities to place a check on traders who hike prices without justification. That Bill will soon be coming back with amendments," said Maina.

Opponents of the Bill had argued that it could undermine the free market ideals were it to become law., and strongly lobbied President Kibaki against signing it into law.

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