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Cameroon gets additional funding for Lake Chad Basin stabilisation facility

Additional funding has been made available by partners for the Regional Stabilisation Facility of the Lake Chad Basin-Cameroon window.

The funds were made available following the signing of key agreements on Tuesday, December 2 between the government of Cameroon and its various partners.

The first financial agreement worth FCFA 1,1 billion was signed between the Ministry of Economy, Planning and Regional Development, the United Kingdom and the United Nations Development Programme, UNDP.

The other agreement worth FCFA 164 million was signed between the French government and the and the United Nations Development Programme.

Presiding over the ceremony, the Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey praised the partners for the sustained support to the regional stabilisation facility.

“I will like to commend the action of our partners; the United Nations systems, countries like Great Britain, France , Germany, who have demonstrated their support to the regional stabilisation facility. Today, we have witnessed the contribution of FCFA 1,1 billion from Great britain and FCFA 164 million from France. This is to continue to support the regional stabilisation facility,” Alamine Ousmane Mey said.

On his part, the British High Commissioner to Cameroon, HE Rowan Laxton stressed the regional stabilisation facility is very important because it will change the situation and dynamic on the ground.

“The Regional Stabilisation Facility will change the situation on the ground. We are putting money into this project because we believe it will make a big difference, it will change people’s lives, encourage them, give them hope, give them an economy. It is well designed and well implemented and I think it can make a great difference and we are very optimistic to be part of this project,” HE Rowan Laxto said.

Before the signing of the agreement, an eight-minute video was projected to show how far the project has gone in the Far North Region with localities like Amchide, Mora, Kolofata all benefitting from the project.

It should be recalled that the stabilisation of the Lake Chad Basin was launched in Niamey, Niger on July 17 for Cameroon, Niger, Nigeria and Chad- four countries heavily hit by Boko Haram attacks. The United Nations Development Programme has

 


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