President William Ruto continues to go deeper in the mistrust books of kenyans after yet again, the President issued a statement about HELB loan in university that has been fact checked by kenyans to be a lie.
Speaking during the Townhall Meeting with University representatives, President William Ruto noted that he also received a loan from the Higher Education Loans Board (HELB) in 1987.
According to the Head of State, the loan from HELB was a total of Ksh 55,000 with an interest and after he got his first salaried job as a Member of Parliament, he paid a total of Ksh 69,000.
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Kenyans have fact checked this statement by the head of state and reports indicate that Higher Education Loans Board (HELB) was formed in July 1995, seven years after President William Ruto joined University.
“The Higher Education Loans Board (HELB) is a statutory body established in July 1995 by an Act of Parliament ‘Higher Education Loans Board Act’ Cap 213A, reads the HELB formation act.
This comes amid several accusations by Kenyans towards President William Ruto over his declarations and promises, with kenyans associating him with lies and fake promises on various projects.
However, the Head of State took his time to explain to student leaders on why the new funding model is important for the education system in a bid to avert the planned University strikes set to happen from this week.
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“The old model was killing our universities. As of June 17, 2023, 23 out of 40 universities were technically insolvent. The round of this model that we started last year has been able to get many of those universities out of pit.”