- According to him, the past regime failed to soundly expend on loans borrowed, thus plunging the country into a fiscal cliff.
- He said the former Jubilee regime borrowed carelessly, leaving Kenyans with a huge burden.
President William Ruto's economic advisor David Ndii has told Kenyans that they will continue to pay dearly for poor economic decisions made by the previous regime.
In a trove of posts on social media X, formerly Twitter, Ndii said just like President William Ruto said during his inauguration, tough decisions must be made to rescue the country from 'receivership.'
Ndii, one of the country's renowned economists, warned Kenyans that they should expect the mess to be sorted out without pain being inflicted.
According to him, the past regime failed to soundly expend on loans borrowed, thus plunging the country into a fiscal cliff.
Not even a change of a regime, like the assumption of office of Ruto's administration, can deliver an immediate and painless solution to the crisis built over years, he said.
''This expectation that Kenya can abuse credit for a decade and the same people can make consequences go away painlessly just because there was a game if musical chairs we call elections? Are we sober? I told you two years ago Kenya was in receivership. Nothing has changed,'' Ndii said.
I’m not a politician. I don’t sell hope. It is going to be painful. And it may not work. Even Oxford and Havard trained doctors lose patients.— David Ndii (@DavidNdii) September 14, 2023
The economist maintained that he has consistently been warning over the country's dire economic situation for nearly a decade, insisting that not much has changed.
''I’ve been blowing the siren on binge borrowing since 2014, 9 years. President told you in his inauguration speech that tough decisions have to be made,'' Ndii said on the X platform.
While saying that the Kenya Kwanza administration is working hard to fix the economic challenges, Ndii asked Kenyans to face reality and ignore political rhetoric from anybody.
''I don’t believe politicians, and I don’t trust government. If you do either you are a sucker,'' Ndii warned.
He said while Kenyans will continue making noise over the tough decisions Ruto's administration is making, they must ask themselves where the rains started biting them.
''That is one promise we intend to keep. We don’t expect accolades for it. Many of you were applauding #JubileeDelivers infrastructure billboards you should have asked how much it cost and who will pay. It’s time to pay. As I’ve said here many times, financial delinquency has no solutions, only consequences,'' he said.
The straight-talking economist has been firing straight on the head about the country's economic situation despite being Ruto's key economic point man.
However, Orange Democratic Movement(ODM) Secretary General Edwin Sifuna said Ndii's comments confirm that the government is clueless about managing the economy.
''It’s really hard not to like David Ndii. He is confirming to you that Kenya Kwanza is a pata potea government. That’s all guesswork. “Doctor” Ruto has no clue what he’s doing. Kenya is the patient here. Anawaambia mnaenda kufa,'' he said on social media platform X.