William Ruto savings drive could cost State up to Sh46bn annually

President William Ruto is escorted out on National Assembly chambers by Speaker Moses Wetangula and his Senate counterpart Amason Kingi during the opening of the 13th Parliament on September 29, 2022. [Boniface Okendo, Standard]

President William Ruto's plan to top up savings for informal sector workers up to Sh3,000 could cost the government at least Sh45.78 billion.

Dr Ruto wants his administration to start topping up a shilling for every Sh2 saved by informal workers in their pension schemes.