President William Ruto has reaffirmed his administration’s commitment to steering Kenya away from dependence on foreign loans, saying the country is on track to finance its own development through increased savings and agricultural reforms.
Speaking during a church service at St. Peter’s ACK Cathedral in Siaya County, Ruto said domestic resource mobilisation has already shown results, citing the doubling of savings at the National Social Security Fund (NSSF) from KSh320 billion to KSh640 billion in just three years.
“What is going to happen in five years? What is going to happen in ten years? We will not be borrowing money from outside, we will be borrowing our own money, because we will have enough savings,” Ruto said.The President also pointed to strides in food production as evidence of a successful shift toward self-reliance. He said government investments in agriculture had drastically cut imports of staple foods, with sugar and maize imports dropping by 70 per cent.
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“Because we have invested resources in production, we are no longer importing as much sugar and maize as before. This is the direction we must take to secure food security and protect our economy,” he said.Ruto framed both the savings drive and agricultural reforms as cornerstones of his economic transformation agenda, arguing that Kenya can only achieve lasting prosperity by building from within.
“Our future will not be determined by debts from other countries. It will be determined by how we save, how we produce, and how we manage our resources,” he said.The President urged leaders to support policies that strengthen self-sufficiency, saying the reforms would not only reduce Kenya’s vulnerability to external shocks but also create jobs and boost local industries.
