Embrace saving culture to end external borrowing, president Ruto urge

President William Ruto has said the government is keen on increasing the country’s savings to end the burden of external borrowing.

He said this would wean the country off foreign borrowing, which had crippled the economy.

“In a short while, we will not need to borrow from elsewhere to grow our economy.” He noted.

He made the remarks today during a church service at the Faith Evangelistic Ministry in Karen, Nairobi county.

He noted that the country had only saved Sh350billion in the last 60 years in the National Social Security Fund (NSSF).

He, however, pointed out that the Government has reversed the trend and is on course to doubling NSSF savings within four years.