The Third and final Five-Year National Development Plan 2021/22 - 2025/26 has a theme of realizing competitiveness and industrialization for human development that aims to increase efficiency and productivity in manufacturing using the resources available in abundance within the country. The third Plan aims to strategically use resources to achieve the goals of the National Development Vision 2025.
In addition, FYDP III aims to implement sectoral strategic plans, agreements and regional and international strategic plans including the implementation of the Sustainable Development Goals - SDGs to accelerate economic growth and social development.
The specific objectives of the FYDP III are:
(i) To build on achievements realised towards attainment of TDV 2025 to make Tanzania a semi-industrialised, middle-income country by 2025;
(ii) To strengthen capacity building in the areas of science, technology and innovation to enhance competitiveness and productivity in all sectors especially the productive, manufacturing and services sectors to enable Tanzanians to benefit from the opportunities available within the country;
(iii) To strengthen the industrial economy as a basis for export-driven growth including investing in new products and markets and enabling Tanzania to become a production hub in the countries of the East, Central and Southern Africa and thus increasing the country’s contribution to international trade;
(iv) To enhance the scope of Tanzania’s benefits from strategic geographical opportunities through enabling improved business environments and strengthening the country’s regional position as a hub for production, trade, supply and transportation;

(v) To facilitate increased business start-up and private sector involvement to find the best way to promote the growth of the sector in tandem with job creation and make the sector a strong and reliable partner in development;
(vi) To promote exports of services including tourism, banking services, insurance and entertainment;
(vii) To strengthen the implementation of FYDP III including prioritization, planning, integration and alignment of implementation interventions;
(viii) To accelerate inclusive economic growth through poverty reduction and social development strategies as well as productive capacity for youth, women and people with disabilities;
(ix) To ensure that regional and global agreements and commitments are fully integrated into national development for the benefit of the country;
(x) To strengthen the relationship between the sectors that are endowed with natural wealth and resources with other economic and social sectors;
(xi) To strengthen the role of Local Government Authorities (LGAs) in bringing about development and increasing income at the community level; and
(xii) To strengthen the country’s capacity to finance development by ensuring access to domestic revenue and effective management of public expenditure.

For more click here to read the NATIONAL FIVE-YEAR DEVELOPMENT PLAN 2021/22–2025/26