Ndindi Nyoro opposes National Infrastructure Fund, accuses gov’t of deceit

Former Budget Committee Chairperson and Kiharu MP Ndindi Nyoro has strongly opposed 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.

MP Nyoro says before introducing another mega fund, the government must first explain to Kenyans how the borrowed money has been spent and how the proposed fund will be overseen.

The former Ruto ally now insists that Kenyans deserve transparency on how trillions already borrowed have been utilized.

“We have borrowed close to 4 trillion shillings already, before setting up another trillion shillings fund. Those in government should face Kenyans and tell them what they have done with that money,” Nyoro said in a press address on Monday.

 The legislator further argued that grand development promises mean little when basic services remain underfunded, particularly in the education and health sectors.

“The government is coming to sell grandiose ideas so that Kenyans can lose track of the essentials. How do you tell Kenyans of Grandiose plans when capitation is being reduced at the same time you are selling trillion plans,” he posed.

A recent report by the Central Bank of Kenya (CBK) presented to the Privatization committee of the National Assembly reveals that Kenya's Debt stands at Ksh.12 trillion in June 2025 up from Ksh.8.5 trillion in June 2022.

MP Nyoro argued the close additional borrowed amount should have transformed key sectors and delivered tangible development across the country.

“Every constituency would have seen Ksh.12 billion worth of development projects not being launched but completed. Every constituency would be having a 100 kilometre of tarmac from the money we have borrowed,” he noted.

Nyoro further accused President Ruto’s administration of making endless promises with little to show on his track record.

He also claims the government has taken illegal loans outside the publicly known borrowing framework.

“It is now going to Ksh.13 trillion. Securitization is not part of this Talanta board is illegal. The money that built the Bomas of Kenya is also not part of this loan; it is an illegal loan. The Illegal loans are the ones we can see what they are doing,” Nyoro noted. 

Nyoro’s remarks come even as the government maintains it will proceed with the establishment of the National Infrastructure Fund despite growing opposition.

The NIF will be overseen by a competitively appointed Board and CEO, while the SWF will operate under a "robust policy framework" to ensure prudent investment, fiscal discipline and inter-generational equity.