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Friday, April 25, 2025

Ndindi Nyoro to the government: Leverage Public Assets, Cut Back on Excessive Borrowing

 


Kiharu Member of Parliament Ndindi Nyoro has issued a strong appeal to the government to explore alternative revenue generation strategies by utilizing public assets instead of relying excessively on external borrowing.

 Speaking  during the Kiharu Fanikisha Program graduation, Nyoro emphasized that the current debt-driven approach to economic management is unsustainable and risks undermining Kenya's long-term development goals.

Nyoro noted that while borrowing can be useful for financing development projects, overdependence on loans—particularly those with high interest rates—places an immense burden on the economy. “The government owns significant assets that can be used to generate revenue. We need to think innovatively and sustainably rather than constantly running to borrow,” he said. “When we borrow excessively, a large portion of our revenue goes into servicing interest on loans, leaving very little for development or essential services.”

Kenya’s public debt has been a subject of growing concern in recent years, with figures showing that the country is now spending more than half of its revenue on debt servicing. Nyoro warned that this trend, if not checked, will lead to deeper economic challenges that could severely affect the livelihoods of ordinary Kenyans. “It is the mwananchi who suffers the most when the government is constrained financially. Essential services such as healthcare, education, and infrastructure development are the first to feel the pinch,” he added.

As a vocal advocate for fiscal responsibility, Nyoro has consistently championed policies aimed at reducing wastage, enhancing transparency, and prioritizing value-for-money in public spending. He believes that better financial planning and governance can enable the country to maximize returns from its existing assets, such as state corporations, idle land, and strategic infrastructure. He challenged government agencies to conduct thorough audits and identify income-generating opportunities that can reduce the need for borrowing.

“Leadership is about foresight and responsibility. Elected leaders must make decisions that serve the country’s long-term interests, not just short-term political gains,” Nyoro said. “Ultimately, we will be judged by the people who elected us—on whether we safeguarded the country’s resources or squandered them.”

Commenting on the ongoing debate surrounding the National Government Constituencies Development Fund (NG-CDF), Nyoro highlighted it as a reflection of the wider issue of resource scarcity across the country. He stressed the importance of efficient and transparent management of public funds, especially at the grassroots level, where development needs are most urgent. “We must ensure that resources are used transparently and efficiently. If not handled properly, Kenyans will not see the benefits of devolution or development,” he noted.

The MP pointed out that the current fiscal challenges should be a wake-up call for both the government and policymakers to rethink the country’s economic strategy. He urged a shift toward policies that promote self-reliance, innovation, and sustainable development. This includes strengthening domestic revenue collection systems, supporting small and medium-sized enterprises, and creating an environment conducive to investment and job creation.

Nyoro's comments come at a time when many Kenyans are expressing frustration over rising living costs, stagnant incomes, and limited access to public services. His call for a more responsible and innovative approach to economic management resonates with a growing segment of the population that wants to see tangible change.

The Kiharu MP reiterated that the country’s future depends on the choices its leaders make today. “Let us use what we have before looking outside. Kenya is not poor—we are simply mismanaging our wealth. It’s time to change that,” he said. 

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