The newly independent state started with only eight qualified Medical Doctors; two Engineers; a life expectancy at birth of only 38 years; a per capita GDP at merely US$ 48; and no University. Tanzania will be celebrating the Independence Day with pride, considering, the mileage covered so far in fulfilling her development objectives. The country has forged ahead to attain a life expectancy of more than 61 years, created a modest pool of 2,190 Medical Doctors and over 30,245 Engineers; established about 50 universities and university colleges and attained a GDP per capita of US$ 1,043 by 2014; putting the country at the threshold of graduating from Low to Middle Income Country status by 2025. Though a commendable achievement, with less than ten years remaining to 2025, it is clear that Tanzania needs to embark on swifter and broader social and economic transformation. The current level of income growth is still lower than the trajectory for realizing the development aspirations articulated in the Tanzania Development Vision 2025, of raising the average GDP per capita to US$ 3,000 (nominal). Skill gaps are wide in comparison to demands for developing and managing a semi- industrialized economy, where the majority of people will be enjoying quality livelihoods.