Niamey, 17 July 2019 The Second meeting of the Lake Chad Basin Governors’ Forum provided the basis for the launch of the Regional Stabilization Facility for Lake Chad. Contained in the Lake Chad Basin Regional Stabilization Strategy (RSS) it is an innovative regional, comprehensive and inclusive initiative of the Lake Chad Basin Commission (LCBC), adopted by member countries in August 2018, with the support of the African Union Peace and Security Council.
This Facility, with a budget of approximately $100 million for a first phase, will serve as a rapid response mechanism to help local authorities undermine the ability of Boko Haram insurgents to harm, by restoring and expanding effective civilian surveillance, improving the provision of basic services and strengthening livelihoods in the four countries bordering Lake Chad.
The official signing ceremony, which took place in the side-lines of the Governors’ Forum, has already recorded the contribution of the Government of Sweden, amounting to SEK 80 million (approximately US$ 9 million), as a contribution to the Regional Stabilization Strategy. This Facility is also backed by the governments of Germany, the United Kingdom and the European Union.
It will start its activities next September and will be operational for two years in the eight affected regions of the four riparian countries (Cameroon, Niger, Nigeria and Chad). Meeting as part of the Second Lake Chad Basin Governors’ Forum, the four countries of the Lake Chad Basin warmly welcomed this joint initiative as part of their ongoing efforts to secure and stabilize the region.