This archive report was first published on 22 December 2019.
As the festive season gets underway, Nairobi residents are being reminded to be mindful of their spending habits.
Nairobi Governor Mike Sonko recently shared his advice on how to avoid financial strain during the holidays, citing the importance of saving and being responsible with one's finances.
Speaking at Pumwani Hospital Maternity Hospital ward on Saturday, Sonko advised residents not to spend more than 10% of their income during the festive season, especially if they had not saved for it from January.
He also cautioned against taking loans just to pay for luxury items, emphasizing that such actions can lead to debt and financial difficulties.
“Na pia don’t spend more than 10% of your income during this festive season if you didn’t save for it from January. If 10% is too small, then that’s an indication why you shouldn’t even think of travelling to the village. Don’t take loans for luxury. Only take loans if you’re going to use the aid in doing productive activities with a meaningful return. It’s not a good thing to be indebted,” Sonko wrote.
It's worth noting that this is Sonko's first official public appearance since his arrest in Voi and subsequent release on bail.
