National Infrastructure Fund ‘90 per cent borrowing off the books’, Ndindi Nyoro claims
Ndindi Nyoro criticised the National Infrastructure Fund (NIF), suggesting that much of its financing relies on hidden borrowing that is not transparent to the public.
Kenya’s debt situation is drawing serious warnings from Kiharu MP Ndindi Nyoro, who says the country is heading towards an economic crisis if borrowing continues unchecked.
Speaking on social media on Tuesday, December 16, 2025, Nyoro said Kenya borrows around Sh1.2 trillion every year, a figure he believes the economy cannot sustain.
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Nyoro urged citizens to stay informed and actively follow national financial decisions.
“Fellow compatriots, it is important that we get involved at least by keenly following what is happening in our country,” he said, stressing that ongoing heavy borrowing could strain the economy over time. “Our economy cannot afford to borrow Sh1.25 trillion per year,” he added.
He also criticised the National Infrastructure Fund (NIF), suggesting that much of its financing relies on hidden borrowing that is not transparent to the public.
“Did you know that the new fund (National Infrastructure Fund) is 90 per cent about borrowing more off the books?” Nyoro questioned, highlighting the need for more accountability.
President William Ruto has, however, defended the fund, emphasising that the money will be directed towards growth-oriented projects.
Ruto said the resources would be invested in infrastructure, industrialisation, and other key sectors to improve the lives of Kenyans.
“We are not joking, my friends. This country must be transformed by all means possible. We are very late. We are behind schedule in kicking out hunger and poverty,” Ruto stated.
He also cited examples of Singapore, South Korea, and Malaysia, noting that disciplined planning and strategic investment could allow Kenya to achieve rapid economic transformation.
“This country can be transformed. If Singapore, South Korea and Malaysia did it, why not us?” he said.
Nyoro, however, warned that without stricter oversight and careful borrowing, the costs could outweigh the benefits, potentially placing the country in a precarious financial position.
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