David Ndii claims he predicted economic collapse under Uhuru's leadership 4 years ago ▷ Kenya News

- Economist David Ndii said the current economic situation being witnessed in the country was expected

- The former NASA strategist noted the huge infrastructure projects being undertaken in Kenya courtesy of Chinese loans were sucking money out of the economy

- Uhuru has been launching multi-billion infrastructure projects since 2013 when the Jubilee regime ascended to power

Kenya’s economy has deteriorated over the last few years due to overwhelming debt, high level of unemployment and massive job losses.

Economist David Ndii has claimed he predicted the meltdown four years ago attributing it to the government’s appetite for borrowing combined with a shortfall in revenue collected by the Kenya Revenue Authority (KRA).

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David Ndii noted the huge infrastructure projects being undertaken in Kenya courtesy of Chinese loans were sucking money out of the economy. Photo: Daily Nation.
Source: UGC

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On his Twitter handle on Wednesday, November 20, the former National Super Alliance (NASA) coalition strategist said the current situation being witnessed in the country was expected.

“The failing economy and government revenue shortfall we are experiencing were foreseeable. My prediction in this article four years ago was based purely on economic theory, and then you have tweep here telling me be practical,” Ndii said.

The economist noted the huge infrastructure projects being undertaken in Kenya courtesy of Chinese loans were sucking money out of the economy unlike in mineral rich countries where new infrastructure is linked to increased production and export of minerals.

President Uhuru Kenyatta has been launching multi-billion infrastructure projects since 2013 when the Jubilee regime ascended to power.

President Uhuru Kenyatta during the inauguration of the Ngong SGR Station in Kajiado County on Wednesday, October 16. Photo: State House.
Source: Facebook

The Standard Gauge Railway (SGR) from Mombasa to Suswa is one of the projects that has gobbled billions of shillings with little return on investment.

Speaking to KTN News on Monday, July 9, Ndii said all indications were that the mega SGR project, touted as Kenya's biggest infrastructure project since independence, was not viable saying the government lied on its ability to repay the expensive loans.

“We evaluate investment development projects based on four criteria. First, would it make money? Second, will the economic benefits exceed cost? Third, would it promote equity? And lastly, would it be sustainable? The SGR failed on all four parameters," the renowned economist argued.

The former NASA strategist also attributed Kenyans suffering to the decision by Uhuru to work with former prime minister Raila Odinga.

Netizens on Twitter expressed mixed reactions to Ndii's post.

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