DP Ruto meets ex-central bank governor Njuguna Ndung'u over bottom-up approach economy

 

Deputy President William Ruto meets ex-Central Bank of Kenya Governor Njuguna Ndung'u. FILE

Deputy President William Ruto meets ex-Central Bank of Kenya Governor Njuguna Ndung'u, who promised to support him generate a new economic model through the African Economic Research Consortium.

The DUO held talks at the DP’s residence home in Karen, Nairobi on Thursday.

The DP added that the state of the global economy requires new thinking, bold ideas, and fresh paradigms.

“We must include more Kenyans in the growth of our country. This is why we are proposing a bottom-up approach to develop the economy,” Ruto said.

Njuguna is an economist and an economic researcher who served as CBK’s governor for two back-to-back four-year terms, from March 2007 until March 2015.

The new approach will guarantee more resources are spent in the grassroots, greater economic participation, and an expansion of the tax base.


“It is gratifying to see economic experts endorsing this approach and expressing willingness to partner with us to actualise this revolution.”

DP Dr Ruto added that there is a need for the country to change its economic model to help more than 15 million jobless Kenyans.