A. INTRODUCTION

This document outlines the purpose and procedures of the Subsidiary Oversight 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 Subsidiary Oversight 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 of the Authority’s Subsidiaries, Joint Venture Companies and Associate Companies, to ensure that their operations align with the Authority’s policies and objectives and are in general compliance with applicable laws and regulations.