Economic recovery : Nigeria to learn from Tanzania’s experience

Tanzania is set to take Nigeria through stages of sustaining economic recovery following its exit from recession in order to prevent a relapse.
The President, Manufacturers Association of Nigeria, Frank Jacobs says Nigeria need to learn from the former President of Tanzania, Benjamin Mkapa, who led his country out of economic challenges and placed it on the path of sustainable growth.

Prior to Mkapa’s assumption of office in 1995, Tanzania’s economy was state-controlled but by 2005 when he completed his tenure, the economy moved from a command economy to a market economy.

The Tanzanian economy, which is driven mostly by agriculture, has continued to grow strongly since the 1990s.

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