DAVID NDII mocks Kenyans for believing in RUTO and GACHAGUA’s lie that the G2G oil deal with Saudi Arabia would stabilize the shilling

Friday, January 26, 2024 - The Chairman of the Presidential Council of Economic Advisors, Dr. David Ndii, has mocked Kenyans who believed in President William Ruto and Deputy President Rigathi Gachagua's lie that the Government-to-Government oil deal with Saudi Arabia would stabilize the shilling.

Ruto, through Gachagua, had hinted at the shilling gaining strength against the dollar in the government-to-government oil deal with Saudi Arabia. 

However, on Friday, Ndii laughed at a section of Kenyans who demanded an apology from the government for promising to stabilise the shilling.

His response was specifically directed to a tweet that asked senior government officials to seek atonement for what he claimed was misleading Kenyans to offload their dollars at the onset of the deal set to end in December this year. 

"David Ndii, Rigathi Gachagua and Cleophas Malala repent for fleecing and mocking Kenyans," the Kenyan commented.

“You Believed him?” Ndii contemptuously commented.

In the video recorded during a press briefing in April last year, Gachagua asked Kenyans hoarding dollars in fear of the shilling devaluing to revert to consider their financial decisions. 

Gachagua also stated that the country was using a lot of dollars to purchase fuel, and thus the demand for the dollar would go down. 

The G2G deal which was launched by President William Ruto in April 2023, was aimed at stabilising the Shilling against the Dollar as Kenya purchased oil on credit but has since failed as the shilling is on a free-fall 

The Kenyan DAILY POST