The climate change phenomenon and terrorist insurgency around Lake Chad resulting in land degradation have pushed the Lake Chad Basin Commission to widen its scope of sourcing for funding to address the nerve-racking situation, affecting 15.3 million people. Countries of the Lake Chad Basin Commission (Cameroon, the Central African Republic, Chad, Niger and Nigeria) have embarked on a five-year investment programme to Rehabilitate and Reinforce the Socio-ecological Resilience System of the LCBC dubbed PRESIBALT, evaluated at FCFA 53.795 billion.
Cameroon's contribution was secured with a loan from the African Development Bank Thursday, July 2, 2015. The Minister of the Economy, Planning and Regional Development, MINEPAT, Emmanuel Nganou Djoumessi and the Country Representative of the African Development Bank, ADfB, Racine Kane on the one hand and the MINEPAT boss and the Executive Secretary of the LCBC, Sanusi Imran Abdullahi, on the other, affixed signatures on the FCFA 9.650 billion agreement.
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