President William Ruto’s Singapore dream and the implementation of National Infrastructure Fund has been dismissed in totality by Kiharu Member of Parliament Ndindi Nyoro
Nyoro, who was the then Chairperson for the Budget Committee at the National Assembly has been fierce critic of government projects after his ouster, telling reporters that the plan is just another political ploy to hoodwink kenyans towards the general election in 2027.
Speaking to journalists on Monday 16th December, at his KICC office, the legislator strongly opposed the government’s plan to establish the National Infrastructure Fund (NIF), accusing President William Ruto’s administration of failing to account for nearly Ksh.4 trillion borrowed since 2022.
MP Nyoro says before introducing another mega fund, the government must first explain to Kenyans how the borrowed money has been spent and how the proposed fund will be overseen.
The former Ruto ally now insists that Kenyans deserve transparency on how trillions already borrowed have been utilized.
“We have borrowed close to 4 trillion shillings already, before setting up another trillion shillings fund. Those in government should face Kenyans and tell them what they have done with that money,” Nyoro said in a press address on Monday.
The legislator further argued that grand development promises mean little when basic services remain underfunded, particularly in the education and health sectors.
“The government is coming to sell grandiose ideas so that Kenyans can lose track of the essentials. How do you tell Kenyans of Grandiose plans when capitation is being reduced at the same time you are selling trillion plans,” he posed.
According to the report by the Central Bank of Kenya (CBK) presented to the Privatization committee of the National Assembly revealed that Kenya’s Debt stands at Ksh.12 trillion in June 2025 up from Ksh.8.5 trillion in June 2022.
Nyoro argued that kenyans GDP per capita is now standing at Ksh 17 trillion where the Kah 13 billion has been borrowed and can’t be accounted for the last three years kawnya kwanza administration has been in office
“The appetite of additional borrowed amount should have transformed key sectors and delivered tangible development across the country.
“Every constituency would have seen Ksh.12 billion worth of development projects not being launched but completed. Every constituency would be having a 100 kilometre of tarmac from the money we have borrowed,” he noted.
Nyoro further accused President Ruto’s administration of making endless promises with little to show on his track.
He claims the government has taken illegal loans outside the publicly known borrowing framework.
“It is now going to Ksh.13 trillion. Securitization is not part of this Talanta board is illegal. The money that built the Bomas of Kenya is also not part of this loan; it is an illegal loan. The Illegal loans are the ones we can see what they are doing,” Nyoro noted.
Nyoro’s remarks come even as the government maintains it will proceed with the establishment of the National Infrastructure Fund despite growing opposition.
Meanwhile, the Cabinet on Monday passed the establishment of the NIF and the Sovereign Wealth Fund (SWF), two key long-term transformation wagons shepherded by President Ruto’s administration.