- Prof Fred Ogola advises government to be precautionary in applying the economic regression model equation
- The model states that Real GDP per capita = Constant + Regression Coefficients multiplied by economic indicators
- The indicators are employment, capital, labour force, population and international trade) + error term. For more explanation on this equation, he’ll be more than happy to avail himself afterwards
Kenya is starring to lose a whopping Ksh 4.186 Trillion should President William Ruto assents into law the proposed Linda Jamii Bill sponsored by Homabay Township Legislator Peter George Opondo Kaluma
The Family Protection Bill 2023, which has caused a lot of uproar is proposing an imprisonment extension of 50 good years for non-consensual same-sex acts
Kaluma’s bill, has a lot of backing from the Supreme Court ruling to constitutional lawyer Charles Kanjama-led group, whom have also proposed a bill, to illegalize lesbian, gayism, bisexual, transgender queem [LGBTQ] tendencies in the country
According to USA and EU, LGBTQ is presented as equal protection and non-discrimination of each individual irrespective of race, ethnicity, religious, sexual orientation and gender
These preconditions have been clearly spelt out by Kenya’s biggest donors [USA and EU] where they have demanded allowance of the policy, should government wish to continue receiving donar funding from them
“Declaration of Human Rights of which Kenya is a member since 1963. Violating any of these conditions may lead to withholding of financial support.,” The scholar of many books Professor Fredrick Ogola told safinews.co.ke
These new findings has called governance expert, social scientist and political strategist Prof Ogola, who has called the move as disastrous to Kenya’s struggling economy.
“I feel it my duty to point out socio-religious cum politico-economic implications of passing this Linda Jamii bill proposed by Kanjama’s group and what it will mean for Kenya if President William Ruto assents it into law.,” he remarked
“That is, $ 3.324 from the US and $ 28.117 from EU. Approximately $3 billion per year in tangible benefits to Kenya’s economy and development from US
Approximately $324 million per year provided by US for humanitarian assistance to Kenya (basing on the amount they gave to Kenya in 2022 alone),” Part of public petition read
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Ogola also established around $ 4.79 billion for development aid was given to Kenya by the European Union under Joint Cooperation Strategy 2018-2022
Breakdown of the financial aid from USA-EU
$15.96 million humanitarian funding given by EU. $ 1.60 million for disaster preparedness given by EU in 2023. $1 billion approved by IMF for Kenya in July 2023
$551 million approved by IMF to support Kenya’s efforts in building resilience to climate change.
Approximately Ksh 11 billion for implementing the bill.
This foreign policy being imposed to Kenyans have also been opposed by Nyali MP Mohamed Ali.
The journalist turned politician, claimed on 6th October that besides the fact that ‘Islam and Christianity are against gaysm’, Kenya is a secular country whose constitution does not recognize same-sex marriage, and that this should be respected.
The scholar argued that theirs is an incomplete and wanting solution, which attempts to treat symptoms instead of the cause, and may well cause additional problems -intended or unintended.
“That the Kenyan Constitution provides for equality before the law and equal protection of the law. It is against discrimination on any basis, including on the basis of sexual orientation.
Therefore, in as much as we abhor the acts of LGBTQ, we have the constitutional and moral duty to protect and respect their human dignity – for all of us are equal before the law. None of us is a son or a daughter of a lesser god.,” he added
Additionally, Kenya is also projected to lose billions for covering the loss in tourism sector due to negative perception towards her by the international community.
This economic matrix is based on the tested and proved general empirical economic regression model equation which states that:
Real GDP per capita = Constant + Regression Coefficients multiplied by economic indicators (of employment, capital, labour force, population and international trade) + error term.
For more explanation on this equation, Prof Fred Ogola advises government that he’ll be more than happy to avail himself afterwards.