§ 86. Mr. Hector Hughesasked the Secretary of State for the Colonies if he is aware of the need in Nigeria for large sums of capital to finance schemes of slum demolition, rebuilding, irrigation and industrial development; and what steps he is taking to assist in the financing of such schemes there.
§ Mr. ProfumoI am aware that large sums are required for this and indeed for many other purposes. In the five-year period 1955–60, in addition to some £3 million invested by the Colonial Development Corporation, over £18 million of Colonial Development and Welfare money has been made available to the Nigerian Governments to supplement their own resources.