Kiharu MP Ndindi Nyoro has called on the Kenya Kwanza administration to reconsider its borrowing strategy and seek alternative ways to raise revenue, warning that the country’s ballooning debt poses a significant threat to economic stability.
Speaking at Ihura Stadium during the graduation of 1,200 youths trained through the NGCDF’s technical skills program, Nyoro emphasized that his concerns should not be seen as criticism but as patriotic input from a concerned citizen. “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 stated.
Nyoro, a former chairperson of the Budget and Appropriations Committee in the National Assembly, warned that the government’s reliance on debt could lead to catastrophic consequences for both the current and future generations. He cited the latest figures from the Central Bank of Kenya, which show the country’s debt stood at Sh10.9 trillion as of December 2024, with domestic debt accounting for 54 percent and external debt 46 percent.
The MP revealed that based on current trends, the government may be forced to allocate up to Sh1 trillion in the next financial year solely for debt repayment. This would include Sh750 billion for domestic loans and Sh200 billion for external obligations.
While President William Ruto recently secured investment deals worth over Sh107 billion from Chinese firms during his visit to China, Nyoro maintained that Kenya must prioritize sustainable revenue strategies over borrowing. He suggested the government could generate funds by monetizing underutilized public assets instead of depending on loans.
“Debts are a great threat to our economy, and I believe there are other, better ways of managing resources without overburdening Kenyans,” Nyoro said. He stressed that unchecked borrowing could push the country toward default, ultimately hurting ordinary citizens.
As the debate over Kenya’s fiscal policies continues, Nyoro’s remarks have reignited conversations about responsible financial management, with growing calls for the government to adopt more prudent and innovative revenue-generating strategies.
