‘Stop Borrowing, Find Alternatives!’ – Ndindi Nyoro Tells Ruto’s Gov’t
Ndindi Nyoro, a Kiharu MP, has challenged Kenya Kwanza’s government to discover alternate revenue sources other than foreign borrowing.
The MP has expressed concern that the country is in a debt management problem, with a large part of government revenue being allocated into debts, and has urged the administration to reduce borrowing.
The MP made this statement as President William Ruto strengthened connections with China during a visit in which he secured investment deals worth more than Sh107 billion from Chinese firms.
The country’s debt has increased to Sh11.02 trillion, from Sh2 trillion in 2013.
However, Nyoro has stated that his opinions should not be interpreted as censure of government officials, but rather as the worries of a Kenyan.
“When a Kenyan raises an issue, it’s not necessarily to put people on their defense, it’s raising concerns to those making decisions in the government,” he said.
“Stop the borrowing spree” Kiharu MP Ndindi Nyoro tells President Ruto that Kenya has enough resources to develop pic.twitter.com/bVe8LhyJxv
— NTV Kenya (@ntvkenya) April 24, 2025
Nyoro emphasized the necessity for the government to manage debts responsibly in order to avoid a situation in which the country is unable to repay them.
The legislator was addressing at Ihura Stadium during the graduation ceremony for 1,200 students who had received free technical skills training from the NGCDF.
“Debts are a great threat to our economy, and I believe there are other, better ways of managing the resources without overburdening Kenyans.”
Ndindi, who previously chaired the National Assembly’s budget and appropriation committee, claimed that the government had several assets that can be sold to generate cash without borrowing.
He stated that the current generation will bear the heavy debt burden before passing it on to future generations.
“Let’s look for other ways of raising revenue because if we continue borrowing, we will be living under the threat of defaulting and overburdening Kenyans,” Nyoro stated.
“Their effects are catastrophic. I am saying as a Kenyan because when the nation goes wrong, it’ll be bad for all of us as Kenyans.”
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He added: “These are things I kept talking about even when I was in my former position. If you check the Hansard, you will confirm this.”
According to data from the Central Bank of Kenya, Kenya owed Sh10.9 trillion as of December 2024, with around 54% domestic and 46% external.
Last week, an MP presenting at the Institute of Public Finance stated that the government may be obliged to spend up to Sh1 trillion on debt repayment in the coming fiscal year.
He stated that based on current patterns, Sh750 billion will be allocated to domestic debts, while Sh200 billion will be spent on external debt repayments.
‘Stop Borrowing, Find Alternatives!’ – Ndindi Nyoro Tells Ruto’s Gov’t
