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Originally published by KBC Top Storiestop
May 16, 2026
2h ago
Ruto defends NSSF reforms, says Kenya must end reliance on borrowing
President William Ruto has defended reforms to the National Social Security Fund (NSSF), asserting that Kenya had to revamp its contribution model due to years of weak national savings, which left the country overly reliant on borrowing. Speaking on Saturday at State House Nairob..
✨ Key Highlights
President William Ruto has defended recent reforms to the National Social Security Fund (NSSF), arguing they are crucial for Kenya to end its reliance on borrowing and build domestic savings.
- The reforms shifted the NSSF contribution from a flat rate of KSh200 per month to a percentage-based system, with 6% contributed by employees and 6% by employers.
- President Ruto emphasized that this model, globally practiced, has more than doubled the fund's savings in just three years, from KSh312 billion in 2023 to a projected KSh700 billion by February 2026.
- He stated that increased domestic savings will be directed towards infrastructure projects, citing the Rironi-Mau Summit road as an example, aiming to build a self-sustaining economy and avoid external debt.
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