The Bank of the Communes, better known as the Special Fund for Intercommunal Equipment and Intervention (FEICOM), has awarded a CFA1.5 billion grant to ten municipalities in the Far North region of Cameroon, where insurgents from Nigeria’s militant sect Boko Haram have been active, officials said on Tuesday.The financing agreements signed with the Decentralized Territorial Authorities (CTD) will notably facilitate the realization of social projects for the improvement of life in beneficiary communities.
These include solar street lighting, road construction, water supply and municipal roads.
The grants also aim to improve the education sector, health and hygiene and sanitation for the local populations.
The FEICOM’s support takes place against the backdrop of a difficult socio-economic times for beneficiary communities, some of which have had their buildings burned and vandalized by the insurgents.
Added to this is the destruction of fields, livestock and the homes of residents, many of whom were forced to flee to escape terrorist abuse.