FG bars states from bank loans

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Nigeria risks ban on export of containerized goods By Godfrey Bivbere

L

AGOS— A MAJOR crisis is looming in the nation’s maritime industry, as exporters of containerized goods will not be able to ship their

consignments out of the country from July 1 when the International Maritime Organisation, IMO, commences implementation of compulsory Verified Gross Mass, VGM. Vanguard investigations reveal that

less than two weeks to the commencement of the implementation of the global regulation, weigh-stations are yet to be established in the ports in Lagos which handle over 70 percent of the nation’s throughput (import and

...towards a better life for the people

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VOL. 25: NO. 63050

export). The establishment of weighstations is a critical requirement for the implementation of the VGM. The VGM is a global regulation that requires that all containers must Continues on page 21

ONLINE | www.vanguardngr.com

WEDNESDAY, JUNE 15, 2016

N200

FG bars states from bank loans

By Emma Ujah, Abuja Bureau Chief & Babajide Komolafe

A

THE Federal Government has barred banks in the country BUJA—

•Gives condition for release of bonds proceeds •States that meet FSP conditions to benefit from N50bn facility •CBN to announce details of ‘flexible forex’ policy today

from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government’s economic

Continues on Page 5

‘WAR’ OVER RELIGIOUS DRESSING IN OSUN SCHOOLS

 Some students of Baptist High School, Adeeke, Iwo, Osun State,

attending classes in different church robes, yesterday. Photos: Gbenga Olarinoye. STORY ON PAGE 41.

Nigeria: Inflation hits 6-year 9 high at 15.6%

Plight of pensioners: Will he ever

We worked like lions, but die penniless See inside

propose after 19 years together? •P.43

COLUMNISTS:

Ayokunle emerges new CAN 10 president Restructuring Nigeria: A distraction we can’t currently afford •P.17

The Presidency and the power to impose travel ban •P.19

Muhammad Ali: The pugilist as poet and acknowledged legislator of the world •P.19

Mr & Mrs


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