Miguna Blasts Ndindi Nyoro after Criticism on President Ruto's Loan Spree

Lawyer Miguna Miguna has called out Kiharu MP Ndindi Nyoro for apparent hypocrisy. 

Nyoro, while speaking at the CITAM Business Forum Expo in Nyeri on Saturday, September 6, observed that President William Ruto's regime was committing detrimental fiscal blunders by borrowing to run the economy.

According to him, Kenya procures at least Ksh 100 billion a day, explaining the Ksh 3.4 trillion borrowed throughout Ruto's tenure since 2022.

"Our national debt is now over Ksh12.1 trillion. For the last three years, our country has borrowed in excess of Ksh3.5 trillion. Let us serve our country with dedication, and let us not seek to give good narratives out there when the Kenyan economy is actually being torn down. President Kibaki borrowed Ksh1.2 trillion in the entire ten years he was president. We have borrowed three times what Kibaki borrowed in ten years. It therefore means the economy of Kenya is borrowing Ksh100 billion every month," the legislator said. 

He asserted that the current regime had acquired loans three times more than what the late former President Mwai Kibaki had taken.

The MP concluded that Kenya had become a reckless borrower and that the debt cycle would be difficult for the country to crack. 

Reacting to Nyoro's arguments, Miguna claimed the MP was being conveniently selective by not pointing out the fiscal miscalculations in former president Uhuru Kenyatta's regime. 

He suggested that Nyoro is a typical Kenyan politician who sees bad in the system only after being thrown out of it.

The Canada-based Kenyan lawyer was not kind to Nyoro in his criticism, suggesting the latter was not honest in his commentary on the country's debt situation and was only vocal to settle political scores.

"Ndindi Nyoro is just a typical Kenyan conman. No originality. Zero integrity. Corrupt like a raccoon!" he noted.

Nyoro has been vocal on Kenya's economic situation, often calling out Ruto's regime for supposed fiscal wrongs.

He embarked on the warpath with the regime immediately after he was removed from the Budget and Appropriations Committee, which he had chaired since the start of the 13th parliament until March this year.

The MP was replaced in the committee by his Alego Usonga counterpart, ODM party's Sam Atandi.

Nyoro's other bone of contention is the regime's decision to securitise the Road Maintenance Levy Fund (RMLF) to raise money for infrastructural development.

According to Nyoro, securitising the fuel levy is the government's avenue to take irregular loans through the back door and hence burden the public further.

He noted that using the levy as collateral for a Ksh 175 billion loan was a bad move.

Despite his reservations, the government has defended the move, saying the securitization has helped revitalise stalled trunk road projects.