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MDGIF Investment Policy Statement

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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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management and operation of the MDGIF and is designed to be a strategic document
that ensures the realization of the objectives, goals and efficient operations of the Fund.
d. This MIPS is effective and operational on the date it is approved by the MDGIF
Governing Council (the Effective date of MIPS) and remains in effect, unless it is revised
in line with the provisions of this MIPS and with the approval of the Governing Council.
1.4
Scope of the MDGIF Investment Policy Statement
The MIPS outlines the general policy objectives, investment policy objectives, investment
processes and the framework for the administration of the Fund. The MIPS is binding upon all
persons with authority over MDGIF assets, including investee companies, staff of the Fund,
the Executive Director, MDGIF and the Governing Council.
1.5
Definition of Terms
For purposes of ease of administration and understanding of this MIPS, the following terms
are defined or clarified:
Act:
Petroleum Industry Act 2021
The Authority:
Nigerian Midstream and Downstream Petroleum Regulatory Authority
(NMDPRA)
FGN:
the Federal Government of Nigeria.
Executive Director:
Executive Director, Midstream and Downstream Gas Infrastructure Fund
Investee Company:
An organisation that MDGIF has invested in, following requisite
investment procedures outlined in the MIPS and execution of definitive
transaction documents and legal agreements.
Governing Council:
Governing Council, Midstream and Downstream Gas Infrastructure Fund
MDGIF or “the Fund”: Midstream and Downstream Gas Infrastructure Fund
Minister:
Minister of Petroleum Resources and the Chairman of Council
Project Promoter:
An organisation or person (s) that has expressed interest to obtain equity
investment from the MDGIF and submitted a proposal in this regard.
Transaction Advisor:
the MDGIF transaction advisor.