Ndindi Nyoro urges govt to end excessive borrowing
By Boniface Msangi, November 19, 2025Kiharu Member of Parliament Ndindi Nyoro has accused the national government of overborrowing and of lacking a single book to monitor and control excessive borrowing.
Nyoro said the current regime, led by President William Ruto, took leadership when the country had a debt of Ksh8.7 trillion. In a span of three years, the national debt has accumulated to Ksh12.5 trillion, indicating annual borrowing of Ksh3.8 trillion.
“President Kibaki left a debt of Ksh1.8 trillion after leading for ten years. President Uhuru Kenyatta borrowed around seven trillion shillings in his two terms, leaving a debt of Ksh8.7 trillion, but the current administration, in a span of three years, has borrowed Ksh3.8 trillion, bringing the national debt to Ksh12.5 trillion. We need to consider why we are borrowing and for what, “ said Ndindi Nyoro while addressing accountants at the 42nd annual ICPAK Conference in Mombasa.
The lawmaker also called for the national government and the treasury to maintain one book of debt, a move which will end borrowing off the book and counter illegal borrowing.
“If you are elected today and realise all the revenue has been securitised, you will have nothing for development, and that’s what the government is doing with what I refer to as illegal borrowing to implement ongoing projects,” added Ndindi Nyoro.
Nyoro said the construction of Talanta Stadium at a cost of Ksh45 billion will cost taxpayers an interest of Ksh100 billion in the next 15 years, the amount to be serviced using sports funds, urging the government not to expose Kenya by opening secret illegal books of loans.
Nyoro hinted at a plan by the government to securitise the housing levy for the next ten years, while pension funds through NSSF are also targeting to fund road construction projects in the country.
“A project like Nyota is not Kenyan money; it’s World Bank money. The expansion of Pangani-Muthaiga-Kiambu Road is not your taxes; it is Chinese money. The smart city project happening in Nairobi is funded by South Korean money; the question is, where is the money the government is borrowing? And where are the taxes going as we continue to witness lecturers’ strikes? JS intern teachers have not been confirmed, and there is a plan to reduce capitation,” he added.