The United Nations Development Programme (UNDP) Thursday launched the regional stabilisation facility for Lake Chad, an ambitious multi-million dollar fund to scale up the range of stabilisation intervention in areas of Lake Chad Basin.
A statement issued by Lucky Musonda Thursday said the four Lake Chad Basin countries have warmly welcomed this joint initiative, as part of their own ongoing efforts to secure and stabilize the region.
The facility will start operating on 1 September for 2 years in the eight affected regions of the 4 riparian countries (Cameroun, Chad, Niger, and Nigeria) and will serve as a rapid response mechanism to help the local authorities curtail the ability of Boko Haram insurgency by restoring and extending effective civilian security; improve the delivery of basic services and livelihoods.
The official presentation of the facility was one of the high points of the 2nd meeting of the Lake Chad Governors’ Forum which opened Thursday in Niamey, under the aegis of the Lake Chad Basin Commission with the support of the African Union. The forum is hosted by the government of Niger and supported with funds from the government of Germany.
Speaking of the potentially far-reaching impact of the facility during the opening ceremony of the 2nd Meeting of the Lake Chad Governors’ Forum, the UNDP Regional Director for Africa, Ms. Ahunna Eziakonwa said: “With the regional stabilisation facility, we have a unique and time-bound opportunity and a collective obligation to restore hope to affected populations, especially women and youth who have been most affected by this scourge.
The facility is anchored in the Regional Stabilization Strategy (RSS) for Lake Chad, a ground-breaking initiative led by the Lake Chad Basin Commission (LCBC) and adopted by its Member States in August 2018, and endorsed by the African Union Peace and Security Council in December 2018.
The facility will be implemented with a planned budget of $100 million for the first phase across the four countries, which have expressed their continued strong commitment to leading necessary stabilisation efforts in the region, including through the Facility.
The Governments of Germany, Sweden and the United Kingdom have also lent their full support to the implementation of the Facility, and plan to provide funding to it during its first phase.
A signing ceremony will be held following the first day of the Governors’ Forum with the government of Sweden signing a cost sharing agreement amounting to 80 million Swedish Kronor as a contribution to the regional stabilisation strategy.