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Ruto's plan for 2023 as he ends subsidies so as to 'build economy'

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 President William Ruto joined worshipers at the Siloam Ministry in Bamburi, Mombasa County on December 31, 2022. [PCS, Standard]

President William Ruto used his first New Year address to the nation to defend some of the controversial economic policies of his new administration and outline his vision for the next 12 months.

In his address from State House Mombasa, Ruto hailed the decision to get rid of fuel, maize flour and electricity subsidies saying the move has set a strong foundation for the country's economic takeoff.

The Head of State said every month the country would save Sh25 billion, which was used to subsidise the cost of the three items.

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