David Ndii, the Senior Economic Advisor to President William Ruto, has provided an explanation for the recent layoffs that have occurred in Kenyan firms. These layoffs indicate that Kenyans will face more challenging times in the future as they struggle to cope with the high cost of living.
Ndii provided a response to a post on X, in which a user posed the topic of why the business climate is not friendly to local firms, who either end up declaring bankruptcy or laying off workers in large numbers.
In light of the fact that the economy is in a state of decline, G4S, Tile, and Carpet have become the most recent businesses to declare their intention to reduce their staff.
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As far as Ndii is concerned, such companies would continue to leave the Kenyan market if they continued to cater to a limited number of customers.
“Is there anything that all of these businesses have in common? Every single one of them caters to a niche and exclusive clientele. There is no way I am going to gloss over this.
“If the majority of your clientele is suburban lifestyles, such as private security, home remodelling, or high-end fast-moving consumer goods, things are going to get worse before they get better,” he said.
The public voiced their disapproval of the post, which led to the question of why government officials often fail to respond appropriately to the outrage of the people.
“Mr. Ndii, your illusions that the economic model you are trying to force down the throats of Kenyans is working are classic instances of delusions of grandeur! Do not bother with it! Some internet comments suggest that it won’t work.
“What is the economic impact of the loss of employment and investments? Generally, you seem disinterested in your role as an economic adviser; however, it’s clear that the impact is significant. Who are the most exceptional employees at this company? Perhaps not, and the problem is not one of social class.”
“You understand that the expenditures of one person are the income of another. You know that such actions can ripple through the economy, but not here.
The statements made by Ndii came in the wake of the most recent notice announcing the government’s intention to recruit consultants in order to carry out the Bottom Up Economic Transformation Agenda (BETA).
In the interim, critics have expressed concerns about the effectiveness of the current group of advisers and the administration’s desire for new consultants two years after taking office.
