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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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.