FRIDAY 15TH MAY 2020

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Rate Increase Raises VAT Revenue to N339bn in Q1 Ahmed meets N’Assembly leadership over 2020 budget cut Deji Elumoye, James Emejo, Udora Orizu in Abuja and Nume Ekeghe in Lagos The federal government has generated additional N30.46

billion in the first quarter of the year (Q1 2020) based on the hike in Value Added Tax (VAT) from five per cent to 7.5 per cent that became effective from February 1, according

to data released yesterday by the National Bureau of Statistics (NBS). The NBS figures were released just as the Minister of Finance, Budget and

National Planning, Mrs. Zainab Ahmed, met with the National Assembly leadership in Abuja yesterday to discuss the proposed cut in the 2020 Budget.

reflect the country’s economic realities. With the extra cash, VAT receipts closed at N338.94

The cut, which amounted to N71.5 billion, was subject of economic analysts’ conversation with THISDAY last night as many of them saying the reduction should

Continued on page 10

FG Explains Why Marketers Can’t Exclusively Determine Petrol Prices... Page 5 Friday 15 May, 2020 Vol 25. No 9167. Price: N250

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Decline in Non-COVID-19 Ailment Consultation in Hospitals Worries FG Fears pandemic might hinder fight against other diseases as out-patients crash from 4m to 2m Says face masks compulsory Urges govs not to deviate from presidential guidelines Holds talks with Canada on evacuation of Nigerians 193 new cases bring tally to 5,162 with 1,180 discharged, 167 dead Lagos launches mobile enlightenment campaign Preliminary report shows manpower gap in Kano Chuks Okocha, Olawale Ajimotokan, Onyebuchi Ezigbo in Abuja, Eromosele Abiodun, Martins Ifijeh, Nume Ekeghe and Peter Uzoho in Lagos

onset of COVID-19, which has resulted in a significant drop in the number of outpatient population of non-COVID-19 ailments in hospitals nationwide. It said data showed a 50 per

The federal government yesterday expressed concern about the disruption unleashed on the nation's healthcare system since the

cent reduction in the number of outpatient cases from four million people to two million Continued on page 10

Govs Challenge FG over Utilisation of Recovered Loots Urge N’Assembly to stop infectious diseases bill

Chuks Okocha, Deji Elumoye, Udora Orizu in Abuja Governors have raised concerns over the ownership and distribution of recovered looted funds as a first-line charge from the Federation Account.

They also urged the National Assembly to step down the controversial Infectious Diseases Control Bill to give room for consultations with states and other stakeholders. However, the Chairman Continued on page 10

SECURITY MATTER... President Muhammadu Buhari meets with the National Security Council in Abuja…yesterday

UN Agency Alerts Nigerians on Impending Terrorists' Attacks... Page 8


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