NAPIMS Develops New Indices

As the count-down towards achieving the set targets for raising the Nigerian content in oil and gas projects begins, the National Petroleum Investment Management Services (NAPIMS), has said it was developing new indices that will ensure accurate measurement of local content in the projects. The Federal Govern-ment had directed that oil industry operators achieve 45 percent Nigerian content in upstream oil and gas projects by 2006, up from the present level of about 15 percent.