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Written question asked by Anna McMorrin (Labour) on Thursday, 25 March 2021, in the House of Commons. It was due for an answer on Tuesday, 13 April 2021 (named day). It was answered by James Duddridge (Conservative) on Tuesday, 13 April 2021 on behalf of the Foreign, Commonwealth and Development Office.

Nigeria: Development Aid

Question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the value is of UK official development assistance investments in the Indorama Eleme petrochemicals plant in Port Harcourt, Nigeria (a) in total and (b) through the (i) CDC Group, (ii) Private Infrastructure Investment Group, (iii) International Finance Corporation and (iv) African Development Bank.

Answer

While CDC Group (CDC), Private Infrastructure Investment Group (PIDG), International Finance Corporation (IFC), African Development Bank (AfDB) are funded by UK ODA, their investments are not solely funded by the UK. Details of CDC, PIDG, IFC and African Development Bank investments in Indorama are available from their websites. Investment into Indorama has helped Nigeria meet its domestic needs for urea fertiliser and plastics as well as shifting the country to be a net exporter.

Further details can be accessed on the respective data portals at www.cdcgroup.com/en/our-impact/search-results/, http://data.pidg.org/, https://disclosures.ifc.org/ and https://mapafrica.afdb.org/en/.

Secondary information

Type
Written question
Reference
175986
Session
2019-21
Subjects
Development aid Nigeria Petrochemicals
Contains statistics
Yes
Link
View this Written question on www.parliament.uk