Former Central Bank of Kenya Professor Njuguna Ndung’u has joined Deputy President William Ruto’s Hustler team.
In a statement issued on Thursday, April 22, 2021, Ruto revealed that he held a meeting with Ndung’u at his Karen home in Nairobi County.
Njuguna pledged to help develop the new economic model through the African Economic Research Consortium which, according to the DP, will ensure more resources are invested in the grassroots, greater economic participation and an expansion of the tax base.
Njuguna said that the state of the global economy demanded 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.
“It is gratifying to see economic experts endorsing this approach and expressing willingness to partner with us to actualize this revolution,” DP Ruto stated.
Njuguna served as the Governor of the Central Bank of Kenya for two consecutive terms from March 2007 until March 2015.
The professor studied Bachelor’s of Economics at the University of Nairobi and did his Masters degree in the same institution.
Sources revealed that the former Central Bank of Kenya (CBK) professor is a close friend of Deputy President William Ruto’s ally David Ndii who is also a member of the hustler movement.
Economist Ndii had in the recent past defended Professor Njuguna from corruption allegation stating that the the claims were baseless and the individuals were out to tarnish his career.
“The CBK stint is the only blemish on Prof. Ndungu’s career. If he was corrupt, he would have left scandals at UON, IDRC, KIPPRA and AERC where he is now back as Executive Director,” Ndii stated.