THE private sector has urged the government to invest in human capital, particularly the youth, to enable the country to advance in development.

This was stated today by Rostam Aziz, the private sector representative, during the launch of the National Vision 2050 held at the Jakaya Kikwete Convention Centre in Dodoma.

He said that to achieve this, a Youth Fund should be established with a dedicated budget to support local and international education in fields like Artificial Intelligence, Science, and Statistics, among others — enabling rapid national progress.

Rostam further explained that such a fund would be a strategic investment, while also calling for the strengthening of local institutions to produce internationally qualified professionals in these key areas.

“It is essential to develop future leaders by providing them with opportunities to attend various leadership trainings both locally and abroad. Moreover, embassies should be tasked with facilitating the return of such skilled individuals to serve the country,” Aziz said.

He also emphasized the need for the government to create a clear framework to protect and grow the local private sector, noting it is the key to building the nation.

In addition, Rostam Aziz commended the government for welcoming input from the private sector, highlighting one such proposal: that by 2050, Tanzania’s economy should reach USD 1 trillion.

He stressed that no nation is built by foreigners — only by its own people — and thus Tanzanians must be the ones to implement the plans they create.

“We Tanzanians are great at planning, but when it comes to implementation, we tend to stall,” Rostam stated