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MDGIF Investment Policy Statement

Page 34 of 34
 
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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GLOSSARY 
Abbreviations, terms, and references used in this document are explained hereunder:  
Abbreviations Meaning 
CDs 
Certificates of Deposit  
CNG 
Compressed Natural Gas  
EPC 
Engineering Procurement and Construction  
ESG 
Environment, Social and Governance 
FID 
Final Investment Decision  
IFC 
International Finance corporation  
IRR 
Internal Rate of Return 
LNG 
Liquefied Natural Gas 
LPG 
Liquefied Petroleum Gas 
MDAs 
Ministries, Departments and Agencies  
MDGIF 
Midstream and Downstream Gas Infrastructure Fund 
MIPS 
MDGIF Investment Policy Statement 
MOU  
Memorandum of understanding  
NGFCP 
Nigerian Gas Flare Commercialization Programme 
NGEP 
National Gas Expansion Programme 
NGMP 
Gas Master Plan 
NMDPRA 
Nigerian Midstream and Downstream Petroleum Regulatory Authority 
NPV 
Net Present Value 
NUPRC 
Nigerian Upstream Petroleum Regulatory Commission  
P-CNGi 
Presidential Compressed Natural Gas (P-CNG) 
PIA 
Petroleum Industry Act, 2021 
ROI 
Return on Investment  
KPI 
Key Performance Indicator  
USD 
United States Dollars 
MDGIF INVESTMENT POLICY STATEMENT (MIPS) 
 
Oluwole Adama 
Executive Director, MDGIF