TR to lead govt’s strategy for asset evaluation

DODOMA: THE government through the Treasury Registrar office has planned to come up with a comprehensive strategy for conducting a detailed evaluation of all government assets to determine their value, which will help in entering beneficial contracts with investors.

The plans according to the Deputy Minister in the President’s Office, Planning and Investment, Mr Stanslaus Nyongo will kick off in the next financialyear-2025/2026.

Mr Nyongo assured the National Assembly yesterday that the government is looking forward to review the value of investment by assessing its assets and set plans for future investments.

The Deputy Minister was responding to a supplementary question from Mr Sasisha Mafuwe (Hai-CCM). The MP said that a large portion of land in Hai is in17 farms, which are under cooperatives.

He asked whether the government sees the need to evaluate the land in the farms so that when entering into contracts, they can compare the value of the land they possess.

“One of the reasons hindering the development of Hai District is investors without sufficient capacity to enter into contracts on these cooperative farms. For instance, the Makoa farm has been idle for four years and the investor does not pay anything, always going to court, while the people lose out on the economic benefits of the farm,” he explained.

In response, Deputy Minister Nyongo said that through the TR Office, the government has set a plan for the next year to carry out a comprehensive evaluation of all assets under its responsibility once the parliament approves the budget.

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“The government will conduct a thorough evaluation to determine the value so that when entering into contracts with investors, we can know the value of the government’s land or assets. This strategy is in place, and we request that once parliament approves the budget, we will proceed with this work. This will be a significant step towards entering into profitable contracts that benefit the nation,” he said.

Earlier in his primary question, the MP asked for the alternative strategies that the government has put in place to boost the economy of the people of Hai, given the shortage of productive land.

Mr Nyongo said that the government is implementing various strategies to empower the citizens, including those in Hai District.

He mentioned the strategies, which include providing affordable loans, especially for women, youth and people with disabilities, building a digital system in rural areas to increase the use of ICT in economic activities and creating a favourable environment to attract investments, particularly in the industrial sector.

“In Hai District, the government has continued to ensure the implementation of the KMTC factory project. Furthermore, the government, through the Hai District Council, has set aside a special investment area covering 463 hectares, which is being promoted to various investors,” he said.

He added: “Therefore, the government will continue to encourage and promote opportunities available in Hai District, including tourism opportunities to strengthen the economy of the people.”