Dindi Nyoro Blasts Government Over National Infrastructure Fund, Calls for Transparency on Borrowed Funds
Speaking on Monday, the former Budget Committee Chairperson said the government must first provide clarity on how previous borrowings have been utilized before introducing another mega fund
By : Mweru Mbugua
Kiharu Member of Parliament Ndindi Nyoro has strongly criticized 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
Speaking on Monday, the former Budget Committee Chairperson said the government must first provide clarity on how previous borrowings have been utilized before introducing another mega fund
“We have borrowed close to 4 trillion shillings already. Before setting up another trillion-shilling fund, those in government should face Kenyans and tell them what they have done with that money,” Nyoro said
The legislator also questioned the government’s focus on large development projects while basic services in education and health remain underfunded
“The government is coming to sell grandiose ideas so that Kenyans lose track of the essentials. How do you talk about trillion-shilling plans when capitation is being reduced?” he asked
According to a recent Central Bank of Kenya (CBK) report presented to the National Assembly’s Privatization Committee, Kenya’s national debt rose to Ksh. 12 trillion in June 2025, up from Ksh. 8.5 trillion in June 2022
Nyoro argued that the additional borrowing should have resulted in tangible development across the country. “Every constituency could have seen Ksh. 12 billion worth of completed development projects
Every constituency could have had 100 kilometres of tarmac roads from the money we have borrowed,” he said
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He further accused the government of making endless promises with little delivery and taking loans outside the publicly known borrowing framework
“It is now going to Ksh. 13 trillion. Securitization is not part of this. Some loans, like those that built the Bomas of Kenya, are illegal
The illegal loans are the ones we can actually see what they are being used for,” Nyoro said
His comments come as the government pushes ahead with the establishment of the NIF and the Sovereign Wealth Fund (SWF), both approved by Cabinet on Monday
The NIF will be managed by a competitively appointed Board and CEO, while the SWF will operate under a policy framework to ensure prudent investment, fiscal discipline, and intergenerational equity
