Ndindi Nyoro warns of looming crisis, says Kenya borrows Ksh1.2T per year
By David Nthua, December 17, 2025Kiharu Member of Parliament (MP) Ndindi Nyoro has warned that Kenya is facing an imminent economic crisis.
Through a post on X on Tuesday, December 16, 2025, Nyoro argued that the country’s growing appetite for debt poses a serious threat to its future stability.
Nyoro cautioned that Kenya is borrowing approximately Ksh1.2 trillion every year, a level he said the economy cannot sustainably support.
Debt warning to Kenyans
“Fellow compatriots, it is important that we get involved at least by keenly following what is happening in our country,” Nyoro stated, urging Kenyans to pay closer attention to public finance decisions.
He warned that continued heavy borrowing would inevitably hurt the economy in the long run.
“Our economy cannot afford to borrow Ksh1.25 trillion per year,” he said.
The Kiharu MP also raised concerns over the newly established National Infrastructure Fund, claiming that a significant portion of it relies on borrowing that is not immediately visible to the public.
“Did you know that the new Fund (National Infrastructure Fund) is 90% about borrowing more off the books?” Nyoro posed.
Ruto defends NIF
Nyoro’s remarks come amid ongoing national debate over Kenya’s debt trajectory and government-led infrastructure spending.
President William Ruto has defended the newly formed National Infrastructure Fund (NIF), insisting that the funds will be invested in productive sectors to drive growth.
In a recent address, Ruto said the resources would be channelled into infrastructure, industrialisation, and other development-focused projects aimed at improving Kenyans’ quality of life.
“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 said.
The President reiterated his belief that Kenya can achieve rapid economic transformation similar to countries such as Singapore, South Korea and Malaysia if it maintains discipline, implements economic reforms, and invests strategically in key sectors.
“This country can be transformed. If Singapore, South Korea and Malaysia did it, why not us?” Ruto stated.
Nyoro, however, maintained that without prudent borrowing and greater public scrutiny, the cost of debt could outweigh the intended benefits.