By Azania Post Reporter
TANZANIAN Prime Minister, Kasim Majaliwa is expected to officiate 7th National Social Security Fund (NSSF) stakeholders meeting to be held in Arusha region mid next week.
According to the Fund’s Acting Director General Abdi Kagomba, the three-day meeting is expected to provide platform for assessment of NSSF’s role to industrialisation, job creation and extension of coverage as well as analysis of the development and trends of social security sector countrywide, and brought about through discussions of the previous conferences.
The theme for this year event is ‘benefits of social protection in industrial development’
He said all preparations for the said conference to be held on 18th to 20th this month are already completed and will be attended by more than 500 stakeholders across the country and outside.
Industrialization is an initiative spearheaded by President John Magufuli aimed at turning Tanzania into middle income country reaching the year 2025
Already, the pension Fund has replied to the President’s call towards industrialization through reviving of cereal factory in Mwanza region .A total of 8.99bn/- loan has been dished to support the factory for purchase of maize and rice milling machines.
Speaking during a brief cheque handover event in Mwanza recently, the Minister of State in the Prime Minister’s Office (Policy, Parliament, Work, Youth, Employment and Disabled), Jenista Mhagama, commended the NSSF for investing in industrial sector within a short period of time.
For nearly a year ago, NSSF has invested in various industries in the country including the Biolarvicide Limited Plant located in Kibaha, Coast region and Mkulazi Sugar factory in Morogoro region.
On his part the NSSF Director General, Prof. Godius Kahyarara, was quoted as saying the fund aims at stimulating the growth of various economic and social activities that would result into job creation, income generation and hence to increase the standard of living of many Tanzanians and ultimately increase the fund’s members.
He stressed that the investment is being carried out in accordance with the Fund’s Investment Policy and Investment Guidelines for Social Security Schemes provided by the Bank of Tanzania (BoT) in collaboration with the Social Security Regulatory Authority (SSRA).