§ Mr. James Griffithsasked the Minister of Overseas Development if he will state the total amounts of the loans advanced 349W to the Federal Government of Nigeria since the outbreak of the civil war; for what purpose the loans have been made; and on what terms.
Purpose Amount £ m Terms Maturity period Years Grace period Years Waiver period Years Interest rate GRANTS Financial Aid Emergency Relief … … … 0.18 — — — — Education … … … 1.19 — — — — Technical Assistance Experts … … … 1.49 — — — — Training … … … 0.51 — — — — Other … … … 0.24 — — — — LOANS Telecommunications: Stage (i) and (ii). … … … 0.25 25 4½ 4½ (a) Stage (iii). … … … 2.13 25 — — Free Niger Dam … … … 1.44 25 4½ — (a) Development … … … 0.59 25 4½ — (a) (a) Current rates of interest: these rates have ranged between 7 per cent. and 8¼ per cent. during the period. New commitments in this period are the loan of £10.5 million for Stage III of the telecommunications project and a reconstruction grant of £100,000.
In addition an interest-free reconstruction loan of £1 million repayable over 25
350W
§ Mr. PrenticeThe provisional totals of the amounts disbursed between 1st July, 1967, and 31st December,1968, are as follows:
years has been offered to Nigeria. Her Majesty's Government has also promised a total of £970,000 for emergency relief to assist those affected by the war of which £180,000 has been disbursed by 31st December, 1968.