A. INTRODUCTION

This document outlines the purpose and procedures of the Nominations, Compensation and Governance Committee (the “Committee”) of the Board of Directors (“Board”) of the Nigeria Sovereign Investment Authority (“NSIA” or “Authority”).

B. AUTHORITY AND PURPOSE

1. This Charter sets out the delegated authority of the Committee to carry out the responsibilities established for it by the Board and on behalf of the Board as articulated within this Charter.

2. The Board Nominations, Compensation and Governance Committee is a standing committee of the Board of Directors (“Board”) of the NSIA established to assist the Board in fulfilling its responsibilities to:

• Provide oversight over the compensation structure and human capital management for the NSIA, consistent with the NSIA’s long-term objectives, as well as overseeing a plan for continuity and development of senior Management for the Authority.
• Oversight the corporate governance framework and practices, in that regard, provide  counsel and assistance to the Board in fulfilling its obligations thereto.
• Oversee the NSIA’s reporting policies and practices, and general compliance with applicable laws and regulations.