§ Mr. Robert Taylor
asked the Secretary of State for Trade whether he or the Export Credits Guarantee Department has recently received any protests from exporters at the delays in receiving payments from Nigeria; and if he will make a statement.
§ Mr. Parkinson
Yes. I am aware that administrative procedures in Nigeria are delaying transfer of payment to many exporters, some of whom have expressed concern to the Export Credits Guarantee Department. The delays, usually between two and four months but sometimes longer, arise partly from additional exchange control and other requirements which the Nigerian authorities have introduced this year to regulate imports. Compliance with such regulations is a necessary pre-condition for acceptance of liability by ECGD.