Leader of Majority in National Assembly Kimani Ichung’wah, President William Ruto and Kiambu governor Kimani Wamatangi at at the Africa Inland Pentecostal Church Assembly (AIPCA), Gatundu North Diocese/PCSPresident William Ruto has announced that the Cabinet is set to approve the National Infrastructure Fund (NIF) on Monday.
The President described the move as a decisive step in Kenya’s push to transition from a developing economy to a First World country.
Speaking on Sunday in Kiambu during a church service at the Africa Inland Pentecostal Church Assembly (AIPCA), Gatundu North Diocese, the President said the approval of the fund will dominate the Cabinet agenda and mark the official beginning of an ambitious national transformation programme.
“Tomorrow, we will officially start the journey to transform the country into a First World country,” Ruto declared. “We will begin the journey to transform the country from a Third World to a First World tomorrow.”
According to the President, the National Infrastructure Fund will be responsible for mobilising up to Sh5 trillion needed to finance large-scale development projects critical to economic growth.
He said the resources will be channelled into infrastructure, industrialisation and other productive sectors aimed at accelerating development and improving the quality of life for Kenyans.
“We are not joking, my friends. This country must be transformed by all means possible. We are very late. We are behind schedule in kicking out hunger and poverty,” Ruto said.
“This country can be transformed. If Singapore, South Korea and Malaysia did it, why not us?”
Ruto reiterated his belief that Kenya can achieve rapid development similar to Singapore if it maintains discipline, stays the course on economic reforms and invests strategically in key sectors.
He stressed that transformation cannot be achieved through political rhetoric alone but through concrete development programmes and consistent policy implementation.
The President dismissed
claims that his development push is driven by the 2027 General Election, saying
his focus is firmly on delivery rather than politics.
“I am not doing all this because I want votes in 2027. I am past looking for votes. My mission is to change the country,” he said.
“If it was about votes, you elected me in 2022 and that is enough for me to deliver. Elections will come later; it is time to work. When that time comes, people should be judged according to what they have done,” Ruto added.
In an apparent swipe at his critics, the President said voters should reject leaders who engage in endless political talk without delivering services to the people.
“Those who keep talking, insulting others and not serving the people should be sent home very fast,” he said.
Ruto explained that the National Infrastructure Fund is designed to provide a credible and sustainable alternative to excessive borrowing while unlocking large-scale private sector capital to support development.
He said the fund will help reduce reliance on debt and ensure long-term financing for critical national projects.
Alongside the NIF, the Cabinet is also expected to consider the Sovereign Wealth Fund Policy.
