Ruto: Govt to Deploy Assets, Infrastructure Fund for Sh2.2tn Lamu Refinery Investment
Election
Originally published by News – Capital FM Kenya — Read the original article →
NAIROBI, Kenya Sep 30 – President William Ruto has said the Kenyan government will take a stake in the planned Sh2.2 trillion Lamu oil refinery, with the State expected to deploy public assets and use the National Infrastructure Fund to invest in the project.
Ruto said the government would participate directly in the ownership of the refinery, which is being developed by Nigerian billionaire Aliko Dangote.
“The Government of Kenya is going to have a stake in the refinery. We are going to deploy our assets and use the National Infrastructure Fund to invest in this refinery,” Ruto said.
