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Home » About Us » We Won’t Apologise!” – Mbadi Defends Fuel Levy Securitisation Amid Uproar
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We Won’t Apologise!” – Mbadi Defends Fuel Levy Securitisation Amid Uproar

MercyBy MercyJuly 17, 2025No Comments
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Kenya Converts SGR Loan to Yuan, Saves Ksh27 Billion Annually
Kenya Converts SGR Loan to Yuan, Saves Ksh27 Billion Annually
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We Won’t Apologise!” – Mbadi Defends Fuel Levy Securitisation Amid Uproar

Treasury Cabinet Secretary John Mbadi has fiercely defended the government’s decision to securitise the controversial fuel levy, insisting it’s the only way to revive stalled road projects across Kenya.

On Wednesday, Mbadi dismissed the wave of criticism, particularly from Kiharu MP Ndindi Nyoro, who had accused the government of secrecy and mismanagement of the additional Ksh7 per litre fuel levy introduced under the Kenya Kwanza regime.

“So there is nothing secret about securitisation. Everybody knows it. Where does he live if he doesn’t know that we were securitising this money?” Mbadi asked sharply during his press address.

He added with firm resolve:

“We will continue securitising it. And we have no apologies to make.”

Currently, Kenyans pay Ksh25 per litre in fuel levy — Ksh18 goes to routine road maintenance, while the extra Ksh7 is earmarked for raising infrastructure funds through a method called securitisation. This means the government uses that revenue stream to secure loans to fast-track road construction.

We Won’t Apologise!" – Mbadi Defends Fuel Levy Securitisation Amid Uproar
Fuel Levy Debate Heats Up as Mbadi Stands His Ground

“We had a choice,” Mbadi explained. “Continue misusing this additional seven shillings on Maram roads that get swept away every rainy season, or use it to get contractors back on the road. We chose the latter.”

He clarified that the government has already raised over Ksh60 billion by securitising the Ksh7 levy and intends to hit Ksh175 billion. This funding, he noted, is directly channeled to road contractors to restart stalled projects nationwide.

“If you securitise this money… we have already received over Ksh60 billion, and you can see road contractors are back on the road,” he stated. “We are raising Ksh175 billion. Use even half of that this financial year, plus the normal Ksh57 billion budget, and you’ll have over Ksh120 billion. That’s enough to pay all contractor certificates this year.”

Transport CS Davis Chirchir backed Mbadi’s statement, emphasizing that the Kenya Roads Board (KRB) had taken the same route to clear pending bills and restore vital projects.

We Won’t Apologise!" – Mbadi Defends Fuel Levy Securitisation Amid Uproar
On the left ,Treasury CS John Mbadi reading the 20252026 Budget before the National Assembly and President William Ruto during the Assent to National Assembly Bills, among them Finance Bill 2025.

“The goal is simple — clear the backlog, revive the economy, and serve Kenyans better,” Chirchir noted.

This fierce defense stands in contrast to Nyoro’s position. The MP argued that the levy was quietly introduced and used as collateral for a massive Ksh175 billion loan — all while global oil prices were declining, worsening the burden on motorists.

Despite public concern, the Treasury stands firm. For them, the choice is between crumbling roads and functional infrastructure — and they’ve made theirs clear.

We Won’t Apologise!" – Mbadi Defends Fuel Levy Securitisation Amid Uproar
CBK Opens Ksh50 Billion Bond Sale as Budget Pressure Mounts

ALSO READ: Ndindi Nyoro Claims Govt Used Fuel Levy to Secure Secret KSh175B Loan

We Won’t Apologise!” – Mbadi Defends Fuel Levy Securitisation Amid Uproar

Increase Fuel Prices KENYA'S ECONOMY Politics Kenya
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