Kiharu Member of Parliament, Ndindi Nyoro, has alleged that President William Ruto is borrowing 10 times more compared to former President Mwai Kibaki, warning that this might lead Kenya to a debt crisis.
Speaking on Wednesday, Nyoro compared President Ruto's borrowing to that of former President Kibaki, revealing that while Kibaki borrowed during his tenure, development could be seen, which is different from Ruto's case. ''The entire reign of former President Mwai Kibaki, he found the country's debt at Ksh600 billion, then left it at approximately Ksh1.8 trillion, meaning the entire 10 years, he borrowed just around Ksh1.2 trillion, the amount Kenya is now borrowing, every week,'' Nyoro revealed.
Nyoro argues that Kenya's development under Ruto should be tenfold compared to the progress achieved during Kibaki's era.
He points out that despite borrowing significantly more, Ruto's administration has not matched Kibaki's accomplishments in terms of tangible development outcomes.
