General considerations

1. Nigeria Sovereign Investment Authority (NSIA) is planning to implement the $100 million Corporate Loan (the Project). The Bank has agreed to
   provide financing, implementation support and monitoring for the Project.
2. NSIA will implement measures and actions of this Environmental and Social Management Plan1 (ESMP) so that the Project meets all the requirements
   of the Bank Environmental and Social Operational Safeguards (OS) and National policy and legal requirements.
3. Where the ESMP refers to specific plans, whether they have already been prepared or are to be developed, the ESMP requires compliance with all
   mandatory provisions of such plans.
4. The table below summarizes the material measures and actions that are required, the basis of the requirement, the timing of the measure or action, and
   the criteria to be used for determining whether the required measure or action has been successfully achieved. NSIA is responsible for compliance with
   all requirements of the ESMP even when implementation of specific measures and actions is conducted by an entity different from the Project
   Implementation Unit (PIU).
5. Implementation of the material measures and actions set out in this ESMP will be monitored and reported to the Bank by NSIA as required by the
   ESMP and the conditions of the legal agreement, and the Bank will monitor and assess progress and completion of the measures and actions throughout
   implementation of the Project.
6. As agreed by the Bank and NSIA, this ESMP may be revised from time to time during Project implementation, to reflect adaptive risk management of
   project changes and unforeseen circumstances or in response to assessment of project performance conducted under the ESMP itself. In such
   circumstances, NSIA will propose and agree changes with the Bank, and then update the ESMP to reflect such change.