Uhuru And Ruto Plans To Pay Sh 15,000 To Every Unemployed Graduate

Uhuru And Ruto Plans To Pay Sh 15,000 To Every Unemployed Graduate Sunday July 28, 2013 The Government of President Uhuru Kenyatta and his Deputy William Ruto is planning to give Sh 15,000 every month to unemployed University graduates for their upkeep until they get employed. The motion which will be tabled in the House next week will see the formation of National Unemployment Scheme for graduate...s similar to the National Social Security Fund. The programme will see one per cent of the country’s annual revenue or at least Sh100 billion set aside for unemployed graduates. “Aware that thousands of Kenyans graduate annually from universities countrywide and deeply concerned that the unemployment rate continues to rise...this House urges to the Government to create a national unemployment graduates fund at 1 per cent of the annual national Budget,” part of the motion reads. “From this, all unemployed youthful graduates aged 18 to 35 years will be paid a monthly rate of Sh15, 000 until they get employment.” The motion reads… If the motion is passed, the Treasury will need at least Sh12 billion each month to provide for the unemployment insurance scheme. This sums up to Sh144 billion annually. If the programme is implemented, Kenya will be the first country in Africa to provide upkeep benefits to its unemployed population.