TANZANIA has started reaping what it has been sowing for years, thanks to reforms in various sectors of the economy.
One of the areas which shows significant growth is the mining sector.
The year 2017 is
referred to as the mining sector's turning point for today Tanzanians
feel a grow of
pride in enjoying the fruits of their natural resources.
Dissolving the 11th
sitting of Parliament in June this year, President John Magufuli said
the mining sector had undergone major reforms in the past five years of
his administration, including the formation of the Ministry of Minerals,
control of mineral smuggling and export of raw minerals so that only
processed products could be exported instead of raw materials.
Added to this, the
government established mineral centres in mineral-rich regions which had
made revenue collection to rise to 358.9bn/- in the 2019/20 fiscal
year, according to Minister for Minerals Doto Biteko.
Thus, by February
this year, there were already 28 mineral centres that had been
established across the country and from March 2019 to February this
year, 10.33 tonnes of gold, 13,685.74 carats of diamond, 20.10 tonnes of
tin, 550.87 tonnes of raw gemstones and 90,532.41 carats of other
gemstones were sold through mineral centres.
Before that, there used to be mineral smuggling and tax evasion that was counter-revenue collection.
There are other
achievements in other sectors, but it suffices to say that Tanzania is
on track in terms of industrial and economic growth so much that the
World Bank (WB) recently announced it had classified Tanzania as a lower
middle-income economy with its GDP estimated to be between $1,006 and
$3,955.
Yet, the Tanzania
Development Vision 2025 envisions "Tanzanians will have graduated from a
least developed country to a middle-income country by 2025 with a high
level of human development."
One of the
attributes of this is having a strong and competitive economy with an
adequate level of physical infrastructure needed to cope with the
requirements of the vision in all sectors of the economy and this is
what is happening in various parts of the country.
So, should we sit
down? Not at all! We must rather continue working hard to keep up the
pace of economic growth and probably qualify for the next level of
economic classification in a short time.
Although the
coronavirus pandemic has affected us in some ways, we must take it as an
opportunity or a stepping stone to move forward rather a setback.
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