Why Nyoro is accusing Ruto of gambling country's future in finance deals

Kiharu MP Ndindi Nyoro speaking during the launch of the institute’s annual national shadow budget for 2025-26 financial year. [Wilberforce Okwiri, Standard]

Kiharu MP Ndindi Nyoro has hit out at President William Ruto for gambling with the country’s future through his administration’s opaque financing approach, which has generated over Sh469 billion in one year, pegged on future taxes and levies without parliamentary approval.

The former chairperson of the Budget and Appropriations Committee listed ongoing Sh44.7 billion bonds issued by Linzi Finco to fund the construction of the Talanta Sports Stadium, the borrowing of Sh175 billion through the securitisation of the fuel levy, Sh50 billion meant for intelligence, and Sh200 billion for internal security, which he stressed has not been put to good use.