§ Mr. Foulkes
asked the Secretary of State for Trade and Industry what contracts in Nigeria have the involvement of his Department or any other agency for which he is 244W responsible; what companies are responsible in each case; what changes have taken place as a result of the change in Government in Nigeria; and what action his Department has taken in each case.
§ Mr. Alexander Fletcher
The Export Credits Guarantee Department is the only Department for which the Secretary of State for Trade and Industry has responsibility which has a financial exposure in Nigeria.
It has been the practice of successive Administrations not to disclose details of the Export Credits Guarantee Department's involvement in particular export transactions or on individual markets.
The scope of the Export Credits Guarantee Department's cover for exports to Nigeria is currently under review in the light of the arrears of payments due to United Kingdom contractors on which the Nigerian authorities are at present seeking relief.