In the wake of a failed Government-to-Government Oil Deal aimed at stabilizing the Kenyan currency, public outrage has erupted, with citizens taking to social media to express their frustration and call for the removal of David Ndii, the Chairperson of the President’s Council of Economic Advisors (CEA).
The ill-fated deal, which was touted as a solution to alleviate pressure on the Kenyan shilling against the dollar, has instead led to a significant depreciation in the national currency.
Kenyans on X(formerly Twitter), often a barometer of public sentiment, has been abuzz with criticism following revelations that the promised relief on the exchange rate, initially anticipated to reach Ksh 115 against 1 USD, has not materialized.
As of the latest reports, the Kenyan shilling is struggling at Ksh 161 against the US dollar, marking a stark contrast to the optimistic projections made by President Ruto and his deputy.
The Government-to-government oil deal, heralded as a key initiative to shore up the country’s economy, has come under intense scrutiny as the Treasury admitted its failure to alleviate pressure on the dollar.
Instead, the deal appears to have exacerbated the situation, causing the Kenyan shilling to lose ground against the greenback.
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The disappointment stemming from the economic downturn has prompted Kenyans to question the leadership of David Ndii, who heads the President’s Council of Economic Advisors.
Many are now demanding accountability and swift action to rectify the situation, with calls for Ndii’s removal echoing across social media platforms.
This latest development poses a significant challenge for President Ruto’s administration, as the public backlash intensifies.
The government’s failure to deliver on its promises has raised concerns about the effectiveness of its economic strategies, leading to calls for a thorough review of policies and personnel involved in shaping the country’s financial landscape.
