§ Rear-Admiral Morgan Giles
asked the Minister of Overseas Development whether the Government still intends to loan £9 million for the third stage of the telecommunications project in Nigeria.
§ Mr. Prentice
In 1964 Her Majesty's Government offered to lend up to £15 million to Nigeria to cover the off-shore costs of contracts awarded to British firms for this project. So far £4.3 million has been committed and a balance of up to £10.7 million remains available for the third and later phases of the project. I cannot, at present, say when we shall be able to release any more of this money but the matter is being actively studied.