The Role of National Social Security Fund to socioeconomic development in Tanzania; A case of Dar Es Salaam Region

Ntungi, Juvenalis K (2015) The Role of National Social Security Fund to socioeconomic development in Tanzania; A case of Dar Es Salaam Region. Masters thesis, The Open University Of Tanzania.

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Abstract

This study aimed at analysing the role of NSSF in the socio-economic development of Tanzania. The Data collected was analyzed by Frequencies and Multinomial Logistic Regression tools and hence the study findings were sorted and coded using SPSS software. The researcher used questionnaire as a tool of data collection. The findings showed that, overall average of respondents showed that 69.7% responded. The hypothesis 1, 2, 3 and 4 were supported by 0.336 coefficient of 67.988, 0.825 0.05 at a beta coefficient of 69.7090, 1at a beta coefficient of 64.603 and 0.3020.05 a beta coefficient of 68.250 respectively. The researcher recommended that, the government should implement rules and regulations which favour NSSF operations and repay loans in time. NSSF should encourage the society to be members and the society should support NSSF by leaving some of their piece of land to be used in development project. It was concluded that investment project, employment opportunities, development project, credit facilities lead to increase in Gross Domestic Product, Gross National Product, and poverty alleviation. They also lead to social welfare, rise in standard of living, better education, greater income distribution and credit facilities. This also leads to socio-economic development of Tanzania as a community. Key words: National Social Security Fund, Social economic development, Tanzania.

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