Another irrational levy on oil operators

Another irrational levy on oil operators

The recent directive by the National Petroleum Investment Management Services (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) that compels operators in the oil and gas sector to make a $100 million annual contribution each to the Internally Displaced Persons Intervention Fund (IDPIF) ravaged by the Boko Haram insurgency is baffling. According to…

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