The Executive Council of the Federation, a.k.a FEC, would on Wednesday attempt to find lasting solutions to the huge losses usually recorded at the various oil export and import terminals as a result of poor or non-metering systems in the country.
The agenda of the weekly meeting seen by Premium Times indicates that the Minister of Trade and Investment, Olusegun Aganga, would brief the cabinet on the situation in the weights and measures department of his ministry, particularly its capacity to effectively supervise and monitor weighing and measuring devices used in the trade transactions in all sectors of the Nigerian economy.
It was gathered that President Goodluck Jonathan, who would preside over the meeting, would present to members the National Public Private Partnership (PPP) framework of the Infrastructure Concession Regulatory Commission (ICRC) as well as the draft White Paper on the report of the Presidential Committee on the security challenges posed by the extremist Boko Haram sect, in the North-East zone of the country.
The President is also expected to present the reports on the 26th Summit of heads of state and government orientation committee as well as the report on the 16th summit of the committee of participating heads of state and government of the African Peer Review Mechanism (APR Forum) held last January 28, 2012, in Addis Ababa, Ethiopia.
During the meeting, the Senior Special Assistant to the President and National Coordinator, SERVICOM , would make a presentation on the topic ‘service delivery as a foundation of people’s trust in government’.
The Minister of Mines and Steel Development would present the report on the participation of the Ministry’s delegation to the China Mining Congress and Expo 2011 at Tianji Meijiang Convention and Exhibition Centre, China.
Surprisingly, only two contracts are to be awarded during the meeting, the procurement of six units of 30 tonnes diesel engine RORO trucks for the Abuja Environmental Protection Board(AEPB) and the rehabilitation of Julius Berger Terminal C at old Port, Warri, Delta State.
The FEC meeting is better known by Nigerians as a forum for contracts awards bazaar. Most of the contracts, whose costs are always inflated, are hardly ever completed.