DODOMA, Tanzania: Tanzanian lawmakers are urging the government to sustain annual economic growth of around 10% as the country pursues an ambitious Vision 2050 strategy aimed at transforming the economy into a $1 trillion powerhouse.
The calls came during parliamentary debates on Tanzania’s 25-year development framework, including the Fourth Five-Year National Development Plan (2026/27–2030/31), which outlines a shift toward private-sector-led growth driven by investment in energy, minerals, transport and industry.
Lawmaker Sospeter Muhongo said growth below 10% would undermine Tanzania’s long-term ambitions at a time when African economies are competing for global capital.
He proposed setting explicit GDP contribution targets for six key sectors, led by agriculture, oil and gas, minerals and tourism.
Muhongo also called for the creation of sovereign wealth funds linked to natural resources, including natural gas reserves estimated at 57 trillion cubic feet and the planned liquefied natural gas (LNG) project in Lindi, as well as a minerals fund to capitalise on gold, tanzanite, graphite and helium.
He said Tanzania could expand reserves through further exploration in the Ruvuma Basin and urged stronger engagement with the diaspora to boost remittances.
Energy was a major concern; with lawmaker Esther Matiko warning that delays in power projects could derail growth targets. Tanzania aims to reach installed capacity of 70,000 megawatts by 2050/51.
FYDP IV targets a nominal GDP of $118 billion by 2031, real GDP growth of 10.5% and GDP per capita of $1,638, alongside poverty reduction and improvements in health and education.
Flagship projects include the Bagamoyo Eco-Marine City, the Lindi LNG project, Mchuchuma and Liganga minerals development, and a technology and critical minerals hub in Dodoma.
