The purpose of this study was to determine perceptions of education stakeholders on the implications of textbook liberalization policy in Tanzania. The researchers used various methods of data collection. The findings were both negative and positive. Negative views involved frequent change of the school syllabus, approval of books with low quality, piracy and corruption. Positive views involved improved quality of textbooks, enhanced intellectual diversity and increased employment opportunities. However, pedagogical issues were less considered by the respondents. Hence improving the skills of those involved in the chain of publishing should go together with appropriate management system under liberal policy.