Athletes urged to prudently invest to avoid retirement misery

Sportsmen and women should manage their income wisely to avoid poverty in their old age.

Speaking at Chepsaita Secondary school grounds, in Turbo Uasin Gishu county, after participating in the Great Chepsaita Cross country, Deputy President Rigathi Gachagua said there was need for sportsmen and women to invest wisely while still active in sporting activities.

He said it was embarrassing that there were sportsmen and women tumbling into misery after retiring from sports.

“We urge our sportsmen and women making money to use it wisely, invest and save. It has been embarrassing to see sports stars living a devastating life in old age.

“We urge them to endeavour to invest in whatever they get from sports because one day they will get old and they need to live a dignified life,” he said.

His remarks come amid reports that some veteran athletes were wallowing in poverty despite winning huge sums of money when they were active in sports.

Praising the sports event, whose patron is Farouk Kibet, the Deputy President further said sports is among the activities that can help in fighting drugs abuse and alcoholism in the society besides being a source of income.

The government, Gachagua said, is investing in sports and talent development so that people can make a living from their talents.

“The government is keen on developing sports. In our five pillars of Kenya Kwanza, one pillar is the digital superhighway and creative economy. There is money in sports and talents.

“Nurturing talents early will help people use their talents as a source of income. We want to capitalize on sports as a source of income.

“We urge young men and women to participate in sports activities as one way to mitigate abuse of drugs and alcoholism. The government will work with counties to develop and improve sports infrastructure,” he said.

At the event the DP was accompanied by the host-Governor Jonathan Bii Koti Moja, Cabinet Secretaries Ababu Namwamba (Youth Affairs, Sports and the Arts) and Simon Chelugui (Cooperatives), Head of Public Service Felix Koskei, Governors Wesley Rotich (Elgeyo Marakwet), Stephen Sang (Nandi), Simon Kachapin (West Pokot) and National Assembly Majority Leader Kimani Ichungw’a, deputy Majority Leader Owen Baya, Kakamega Senator Boni Khalwale and South Mugirango MP Silvanus Osoro among tens of other leaders.

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