Library / Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

Applicable to: MDGIF Project Promoters Equity Partners MDGIF INVESTMENT POLICY STATEMENT (MIPS) Code: MDGIF Guide 1001 - 2024

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Applicable to:            MDGIF Project Promoters  
Equity Partners 
MDGIF INVESTMENT POLICY STATEMENT (MIPS) 
 
Code: MDGIF Guide 1001 - 2024 
 
Effective Date: 17th May 2024 
 
 
This document is a property of the Midstream and Downstream Gas Infrastructure Fund. All rights reserved. 
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ii. 
Gas transportation projects including gas transmission, distribution networks and 
virtual transportation systems. 
iii. 
Gas storage facilities for LNG, CNG, and LPG   
iv. 
Gas flare utilization projects – aimed at environmental remediation relief, 
sustainable development and flare elimination projects. 
v. 
Other Gas utilization projects such as in gas-based industries, Energy Intensive 
Industry etc.  
vi. 
National widespread retailing infrastructure- Auto gas, refilling plants, virtual 
transportation means, residential gas infrastructure etc; and 
vii. 
Other large scale with nationwide spread industrial, commercial, and related 
projects that will enable private investment in the midstream and downstream gas 
operations. 
3.7 
Investment Guidelines 
i. 
The MDGIF's investments shall be made based on the availability of suitable 
opportunities and in accordance with the limits specified in this MIPS.  
ii. 
The MDGIF shall consider the infrastructure priorities in the various policy interventions, 
programmes and initiatives of the Federal Government and other MDAs including, but 
not limited to; National Gas Policy, Nigerian Gas Master Plan (NGMP), Nigerian Gas 
Flare Commercialization Programme (NGFCP), National Gas Expansion Programme 
(NGEP), Decade of Gas Program, Presidential Compressed Natural Gas Initiative (P-
CNGi) as well as other gas-based midstream and downstream infrastructure projects.  
iii. 
The Fund will invest in such priority infrastructure projects after careful review and 
analysis of the proposed project viability, the outcome of the due diligence process 
requirements and its satisfaction with same as well as the approval of the Council. 
3.8 
Potential Investment Partners 
a. The MDGIF will identify and invest in the midstream and downstream gas operations 
through equity investments: 
i. 
in viable existing midstream and downstream focused entities, or,  
ii. 
by establishing new partnerships with credible investors for joint investments. 
b. All Project Promoters and equity partners shall possess relevant registrations, approvals, 
permits, licences and concessions from the Authority and any other relevant