Ex-Premier urges wise use of gas finds

[nngu007]

Wed, Jun 27th, 2012
Tanzania |


Former Prime Minister Edward Lowassa has urged the government to use discovered natural gas reserves as collateral to borrow money and put up industries to address unemployment.

Former Prime Minister Mr Edward Lowassa
​

Mr Lowassa, who is currently the Chair of the Parliamentary Committee on Foreign Affairs, Security and Defence, reiterated that the growing army of unemployed youth "is a time bomb" "Unemployment is on the rise and alarming, efforts must be made to address it," the Monduli MP through CCM said.

The former premier made the remarks in Dar es Salaam on Tuesday at the Julius Nyerere International Airport VIP lounge, shortly before leaving for an official visit abroad.

"I have been told that our gas reserves are worth about 6 trillion US dollars, we could get loans against the reserves and pump it into industries that would create jobs for the population," he explained.

By ALVAR MWAKYUSA, Tanzania Daily News

 

[nngu007]

Oh, Gas ya Tanzania worth about 6 trillion US Dollars; Ndio Maana Budget yote ni ya Mkopo sababu ni rahisi kupata

Mikopo sasa sababu ya GAS, Unamsikia Lowassa tukope tu GAS iwe collateral; na nadhani tulizifanyia GOLD hivyo hivyo

Wanaokuja kuumia ni Watoto na Vijukuu Vyetu; Nchi itakuwa imeuzwa

 

[Precise Pangolin]

Hii mijamaa Inapenda mikopo mwishoni ikimaliza kuweka collateral kila kitu itaanza kukopa mpaka finca