Ndegwa Njiru criticises Ruto over daily borrowing
Lawyer Ndegwa Njiru has criticised President William Ruto over what he terms reckless borrowing, which is sinking the country into more profound economic distress.
In a statement on Monday, September 8, 2025, Njiru recalled how the youth-led protests of June 25, 2024, offered the president a second chance to redeem himself and chart a new path for the nation.
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He noted that while Ruto disbanded his cabinet and promised humility, change, and a listening ear, those pledges have not materialised.
“What we got was not a new Ruto—it was Ruto 1000%. Worse. Bolder. Colder. Brutal,” Njiru stated.
He further revealed that Kenya is now borrowing Ksh3.3 billion every day, warning that such a trend is unsustainable and will burden future generations.
“We are now borrowing Ksh3.3 billion every day. We cannot afford him a second chance,” he added.
Ndindi Nyoro
His remarks come a few days after Kiharu Member of Parliament Ndindi Nyoro criticised the government’s growing reliance on securitisation, warning that it amounts to “borrowing by another name” and risks burdening future generations.
Speaking at a business expo in Nyeri County on September 6, 2025, the legislator questioned the logic behind securitising fuel levies and road maintenance funds to borrow up to Ksh100 billion every month.
He argued that such financial manoeuvres sidestep deeper issues of fiscal mismanagement instead of addressing them directly.
“Central Bank data shows that Kenya’s public debt currently stands at over Ksh12.1 trillion. In just the past three years, the government has borrowed more than Ksh3.5 trillion, according to Treasury data,” he said.
“Kenya is now borrowing Ksh3.4 billion every single day, or Ksh140 million per hour. Simply, Ksh2.4 million per minute, both day and night, every day. Out of that, the Kenyan debt is now over Ksh12.1 trillion. This is besides the Ksh175 billion borrowed through securitisation of the Fuel Levy and the Ksh45 billion Talanta Bond.”
“And every single day, when the lights go off, every day, every single day, Kenya is borrowing Ksh3.4 billion every day.”
The MP expressed concern that new securitised bonds and deals backed by road levies are being pursued without adequate parliamentary oversight, effectively locking the country into long-term financial obligations through the back door.
He noted that the rate of borrowing is unsustainable, highlighting that Kenya has borrowed three times in three years what former President Mwai Kibaki borrowed throughout his tenure.
‘We have borrowed three times what Kibaki borrowed in ten years. That’s the money Kenya has borrowed in the last three years alone. And in that money, I have not included other debts that Kenya has now become adept at borrowing in the name of something called securitisation,” noted Nyoro.
“Let us serve our country with dedication. And let us not seek to give good narratives out there when the Kenyan economy is actually being jacked down or torn down.”
