Four African countries, Nigeria, Cameroon, Niger and Chad have earmarked $14.5 billion on water transfer project in the Lake Chad basin. The project which is part of a five-year investment plan by the four countries marked for the year 2013 through to 2017 designed to recharge the already ebbing Lake Chad.
The MoU was signed by Chad, Cameroun and Nigeria.
The Auditor-General for the Federation, Mr. Samuel Ukura, who spoke in Abuja at the opening of the fifth meeting of the Joint Environmental Audit Team of Lake Chad, said there had been numerous calls to rescue the Lake Chad by restoring its ecosystem and fostering the socio-economic development of the people living in the area.
Ukura said such SOS message had been expressed through 14 summits of Heads of States and Governments and 58 Council of Ministers of the affected region. He added that the inaugural planning meeting of the Joint Environmental Audit of Lake Chad was held in 2012 had come up with a Memorandum of Understanding (MoU) on the vanishing Lake Chad caused by climatic change and other human activities.