Legislation Aimed at Tanzania’s Poor

President Kikwete signs a legislation that will help ensure revenue from Tanzania's natural gas discoveries brings socioeconomic progress for Tanzanian citizens

Tanzanian President, Jakaya Kikwete, has signed a legislation which could ensure his country's fiscal and economic stability and help ensure revenue from Tanzania's natural gas discoveries brings socioeconomic progress for Tanzanian citizens.

The recent gas discoveries have the potential to bring in as much as US$1.4 billion per year to Tanzania which is more than 10 percent of current government revenues.

The new revenues could help provide basic needs for citizens such as improved primary healthcare and access to quality education.

To read the article titled, “Oil and Gas Need Not Be a Curse, They Can Provide a Lifeline for Previously Poor Countries,” click here.

Source: 
All Africa

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