During the Fourth Lake Chad Governor’s Forum meeting in N’Djamena, Chad, the World Bank’s Country Manager for Chad, Mr. Rasit Pertesv, announced that the World Bank has granted one billion dollars to strengthen resilience and improve the livelihoods of people in countries affected by the Lake Chad insurgency.

This funding aims to address the wide-ranging challenges caused by the conflict, including displacement, social disruption, damage to infrastructure, and weakened institutions in Chad, Cameroon, Niger, and Nigeria.

The funds disbursed to the crisis-affected countries have been instrumental in revitalizing economic development, generating employment opportunities, and enhancing the lives of individuals who have borne the brunt of the crises.

The International Development Association provided zero-interest financing to support two crucial regional development priorities: livelihood recovery to reduce vulnerability in the Lake Chad region and the expansion of cross-border economic activities in agriculture, energy, transport, and regional trade.

The meeting also emphasized the significance of regional stability programs to restore security and promote sustainable recovery in economically affected areas.

The Lake Chad Basin Commission and the African Union Commission expressed their support for the Lake Chad Basin Governors’ Forum as a crucial platform for fostering regional peace, security, and better opportunities for the people of the region.

The United Nations Development Programme (UNDP) affirmed its commitment to collaborating with the Lake Chad Basin Commission to create a brighter future in the region, emphasizing the importance of initiatives like the Regional Stabilization Facility and the RS-SRR in achieving lasting solutions and enhancing the lives of internally displaced persons.

The Lake Chad Governors Forum focused on understanding emerging security trends, exploring the future of the RS-SRR, and seeking partnerships to address the challenges faced by forcibly displaced individuals, including refugees and internally displaced persons.