Kiraitu Murungi says oil production key to end debt crisis

National Oil Corporation of Kenya (NOC) Chairman Kiraitu Murungi. [David Njaaga, Standard]

National Oil Corporation of Kenya (NOC) Chairman Kiraitu Murungi has called on President William Ruto to invest in oil production, saying it is the answer to the current debt crisis.

Kiraitu said the country stands to get more than $8 billion from the Lokichar basin alone, which is enough to cut aid dependency and lift millions of Kenyans out of poverty.