DODOMA: THE National Social Security Fund (NSSF) has made great strides during the past four years of President Samia Suluhu Hassan in office, recording a remarkable 92 per cent growth in its liquidity which surged to 9.2tri/- in February 2025, up from 4.8tri/- during the corresponding period in 2021.
NSSF Director General, Mr Masha Mshomba, revealed this development yesterday while addressing the media on the Fund’s progress under President Samia’s leadership.
Mr Mshomba attributed the increase in liquidity to an increase in the numbers of members, a rise that has equally contributed to revenues, and the successful performance of the Fund’s investments.
“This growth reflects the strength and resilience of our strategies and the commitment of our members,” Mr Mshomba said.
He revealed that the Fund had significantly improved its collections efforts, bringing in a total of 6.9tri/- from members over the same period.
Annual contributions alone rose by 90 per cent, climbing to 2.15tri/- by February 2025, up from 1.13tri/- in February 2021.
Despite the impressive growth, Mr Mshomba noted that the Fund’s sustainability level stands at 90.7 per cent according to the latest life and sustainability evaluation, conducted up to June 2023.
“As we saw during his funeral, people were overwhelmed with sorrow; some even fainted in honour of a leader who had touched their lives in many ways,” he said.
He praised Dr Magufuli as a hardworking leader who, in every government position—including as Member of Parliament (MP) and minister—earned accolades from his colleagues.
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“For those with eyes to see, we can witness the remarkable achievements he made during his six years as president. Our country witnessed significant progress and therefore, we must respect his contributions,” he said.
On behalf of President Dr Samia Suluhu Hassan, Minister of State in the Prime Minister’s Office, Policy, Parliamentary Affairs, and Coordination, Mr William Lukuvi stated that the government will continue to honour the late Dr Magufuli’s legacy, following the country’s tradition of remembering national leaders.
He acknowledged Dr Magufuli’s contributions to the country since 1995, when he served in various roles, including as MP, deputy minister, minister and president, making profound impacts on the nation’s prosperity.
“The late Dr Magufuli was a patriotic leader, one who cared deeply for the people and resources of his country. He was a God-fearing man,” he said.
Geita Regional Chairperson of the Chama cha Mapinduzi (CCM), Mr Nicolous Kasendamila, urged the citizens to uphold Magufuli’s legacy by protecting unity and peace, especially as the 2025 General Election approaches.
On his part, Geita Regional Commissioner, Mr Martine Shigella, encouraged the residents of Chato and Geita at large to emulate Dr Magufuli’s legacy of hard work and continue supporting development projects initiated by his successor, President Dr Samia. Magufuli’s daughter, Ms Jesca Magufuli, expressed gratitude to the sixth-phase government for continuing to honour her father’s good deeds and for staying close to their family.
