EIU Report: FG to RaiseVAT to 15% By 2027 to Fund Fiscal Deficit Predicts naira to weaken to N1,770/$ at year-end, declares may achieve relative stability at N1,817/$ in 2025 Says aggressive monetary policy tightening key to stronger currency, foresees further rate hike in 2024 amid inflationary concerns, MPR may fall to 12.5% in 2026 Predicts further exits of FDIs in 2024 amid naira losses James Emejo in Abuja The federal government is expected
to raise the Value Added Tax (VAT) to 15 per cent from the current 7.5 per cent by 2027 to enable it fund
its fiscal deficit and debt service obligations, including social and job creation projects. International
business research firm, Economist Intelligence Unit (EIU), stated this in its Country Report.
above the estimate for 2023. It said
EIU said the deficit could widen to five per cent of Gross Domestic Product (GDP) in 2024, slightly
Continued on page 5
Shettima Urges Nigerians to Be Patient with Administration as Hardship Hits Harder...
Page 34
Monday, March 18, 2024 Vol 29. No 10568. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Soludo at Second Anniversary, Says Anambra Hasn't Seen Anything Yet David-Chyddy Eleke in Awka
STANBIC SUPPORTS MENTAL HEALTH... L-R: Chief Executive, Stanbic IBTC Pension Managers, Olumide Oyetan; Chief Medical Director, Federal Neuropsychiatric Hospital, Yaba, Dr. Olugbenga Owoeye; Executive Director Business Development, Stanbic IBTC Pension Managers, Nike Bajomo; and Head, Business Development Directorate, Stanbic IBTC Pension Managers, Kenneth Omeogu at the unveiling of the recently renovated Yaba Psychiatric Hospital Ward funded by Stanbic IBTC Pension Managers in Lagos...weekend
Anambra State Governor, Prof Chukwuma Soludo, yesterday, at the celebration of his second year in office, assured the Anambra Continued on page 5
Tinubu: Attack on Our Military Men is Attack on Our Nation, We Won’t Accept It Grants full authority to go after killers Says criminals will face full wrath of law Describes death of soldiers as needless Atiku, Obi, senators, others condemn act Armed forces continue siege on Delta community, search for killers, set buildings ablaze Deji Elumoye, Chuks Okocha, Sunday Aborisade in Abuja and Sylvester Idowu in Warri In a tone denoting the weight of his office as Commander-in-Chief of the Armed forces, President Bola Tinubu, yesterday, warned that any attack on the armed forces or any
of their men would be considered an attack on the nation. Tinubu said such assault was unacceptable. The assertions were contained in the president’s formal reaction to Thursday’s killing of 16 soldiers in Delta State, which he personally Continued on page 5
JULIUS RONE’S WORKING VISIT TO NCDMB... GMD/CEO of UTM Floating Liquified Natural Gas (FLNG), Dr. Julius Rone OFR (right), presenting the Floating LNG Model to the Executive Secretary, Nigerian Content Development ȱ ¢ȱ ȱ ȱšš and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, during a working visit to the board’s headquarters in Yenagoa, Bayelsa State, last week