Treasury Cabinet Secretary John Mbadi has defended the government's decision to securitise the fuel levy.
Mbadi, on Wednesday said the move is aimed at unlocking stalled infrastructure projects and settling pending payments to contractors.
The Treasury CS said the additional Sh7 levy, added to the existing Sh18 road maintenance levy will support development goals, noting that the original Sh18 remains untouched.
Mbadi was responding to criticism from Kiharu MP Ndindi Nyoro, who accused the government of driving up fuel prices through excessive taxation and what he described as opaque borrowing practices. "There is nothing secret about securitisation.
