Ndindi Nyoro: Kenya’s economy among the fastest growing in the world
Despite the rising cost of living, a lawmaker affiliated with the Kenya Kwanza Government has stated that other countries around the world will soon begin using the Kenyan economy as a benchmark on how to manage their economies.
Kiharu Member of Parliament, Ndindi Nyoro, an ally of President William Ruto, has asserted that Kenya’s economy is on the right trajectory.
While Kenyans express concerns about the soaring cost of living, he believes the policies and strategies implemented by the head of state “have already started yielding results.”
Nyoro who doubles up as the Chair of the National Assembly’s Budget and Appropriations Committee points to the current price of unga (maize flour) compared to the period before Dr Ruto assumed power as evidence of a growing country.
“The food security policy is already bearing fruit. If you go to a supermarket, the price of unga is now much lower than it was a year ago,” said Mr Nyoro in an address at a recent church service.
However, the legislator’s remarks contradict the price of flour in most retail outlets, where a 2-kilogram package currently costs Sh200.
During the administration of former president Uhuru Kenyatta (now retired), who preceded President Ruto, the same amount of unga was sold for between Sh150 and Sh200.
This followed the move by the former president to subsidise unga.
President Ruto ditched the move upon assuming office, arguing ‘he will subsidise the production and not consumption’.
“If the food security policy is working, other policies will also be successful. I assure the Kenyan people that with the strategies the president is following, the country is reaping the benefits,” Ndindi stated.
The MP was reelected in 2022 under the United Democratic Alliance (UDA) party ticket.
The politician further explained that another sign of a growing nation is the decreasing inflation rate.
“If you look at our inflation rates, even though the cost of fuel has risen, it is below 7 percent.”
The MP, who is an economist by profession, revealed that the Kenyan economy grew by 5.3 percent in the first and second quarters of 2023.
In the global context, he said Kenya is the 29th fastest-growing country.
“In many other countries, things are more challenging than here…Kenya is on the right path. The Kenyan economy will soon be one that other countries will look to for guidance on how to manage their economies,” he explained.
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