A member of parliament launched a sharp critique against a new government infrastructure fund. Kiharu MP Ndindi Nyoro challenged President William Ruto's administration over the National Infrastructure Fund, or NIF. He demanded that officials explain how they spent nearly four trillion shillings borrowed since 2022 before creating another massive funding vehicle.
Nyoro, formerly chair of the Budget Committee, argued transparency must come before new borrowing. He said the government promotes grandiose plans while cutting essential service funding like education. He pointed to the national debt hitting twelve trillion shillings, asking why that borrowing did not result in completed projects in every constituency.
The MP further accused the administration of taking illegal loans outside the normal framework, mentioning the Talanta board and the Bomas of Kenya funding. His criticism came the same day the cabinet approved both the NIF and a Sovereign Wealth Fund. The government stated these funds will be appointed by boards and operate under strict policy frameworks for investment and fiscal discipline.
Nyoro, formerly chair of the Budget Committee, argued transparency must come before new borrowing. He said the government promotes grandiose plans while cutting essential service funding like education. He pointed to the national debt hitting twelve trillion shillings, asking why that borrowing did not result in completed projects in every constituency.
The MP further accused the administration of taking illegal loans outside the normal framework, mentioning the Talanta board and the Bomas of Kenya funding. His criticism came the same day the cabinet approved both the NIF and a Sovereign Wealth Fund. The government stated these funds will be appointed by boards and operate under strict policy frameworks for investment and fiscal discipline.
