Skip to main content

Commission says it needs $5bn to recover Lake Chad Basin areas affected by insurgency

- The chairman, Council of Ministers, Lake Chad Basin Commission (LCBC), Suleiman Adamu, has said $5billion is needed to recover Lake Chad Basins

- The Lake Chad Basin areas were some of the places gravely affected Boko Haram insurgency in the country

- Adamu said the fund will be raised through different sponsorship opportunities that the commission must take advantage of

The chairman, Council of Ministers, Lake Chad Basin Commission (LCBC), Suleiman Adamu, has said that five billion dollars (about N1.84 trillion) is required to recover the Basin’s areas affected by Boko Haram crisis.

The chairman made this known at the 64th Ordinary Session of the Council on Thursday, February 7, in N’djamena, News Agency of Nigeria (NAN) reports.

READ ALSO: 2019: Resist external pressure and intimidation - United States tells INEC

He said that the amount would cover the first phase of the areas’s recovery project, which was part of LCBC’s regional stabilisation strategy.

To raise the funds, he said that the commission must take advantage of new funding opportunities “as demonstrated by most of our partners for effective and inclusive” implementation of the stabilisation strategy to recover the basin’s areas.

According to him, mobilising such a budget requires a huge effort in terms of advocacy, monitoring and responsiveness.

Adamu, who is Nigeria’s Minister of Water Resources, said that with the leadership and determination of Heads of State and Government in the region, solutions were gradually being put in place to rejuvenate the basin.

He expressed optimism that in the long run, “our Basin will once again become this vast and highly productive ecosystem, providing livelihoods for riverside communities and representing a food export pole for the entire Basin.

He noted that the council’s meeting came at a time when terrorists in the Lake Chad region had renewed their onslaught aimed at undermining “the territorial integrity of our states and security of our peoples”.

Adamu, however, said that the Multinational Joint Task Force (MJTF) of LCBC and the national armed forces of member-countries were working hard to completely eradicate the insurgents.

He added that while the initiatives with security, military and humanitarian dimensions had a major role to play in bringing about peace, security and stability, they were still insufficient on their own.

He said: “It is, therefore, more necessary than ever to implement the Regional Stabilisation Strategy for the resilience and recovery of the areas of the Lake Chad Basin affected by the Boko Haram.

“In addition to the socio-economic development dimensions, this must also include the educational and religious components, with their major role in spreading the culture of peace, tolerance and moderation.

“Our fight against extremism must also have as its essential purpose, to provide young people and women with an open education rooted in the authentic values and standards of our society.”

Adamu stated that treading the recovery path would lead to entrepreneurship and job creation which would protect the people from the temptations of extremism.

READ ALSO: NAIJ.com upgrades to Legit.ng: a letter from our Editor-in-Chief Bayo Olupohunda

The chairman also charged the council to focus on implementing the objectives of sustainable development as defined at the International Conference on Saving Lake Chad held in Abuja in February, 2018.

He said in addition to the promise of a better life for “our populations, the revitalisation of Lake Chad and the restoration of these resources are the guarantees of greater peace, security, progress and development in the region’’.

He recalled that at the conference in Abuja, the African Union approved the Inter-Basin Water Transfer Project as a Pan-African project aimed at restoring Lake Chad for sustainable development.

He said that the project, which would also restore security and peace in the region, was a win-win partnership for the Congo Basin and Lake Chad.

Adamu disclosed that the partners had committed themselves to achieving objective of the synergy, saying it would produce hydroelectric power, build roads and river infrastructure and promote irrigation for the sustainable development.

He said that the development would extend to economic integration, peace and security in Central and West Africa and in the Sahel in particular.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng previously reported the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has promised practical measures to end Boko Haram insurgency and restore peace to Borno, if elected.

Atiku gave the assurance at the PDP residential rally on Wednesday, February 6, in Maiduguri. He said that if given the mandate, he would adopt effective security programmes to end insurgency, protect lives and property as well as enhance peace-building processes in the region.

NAIJ.com (naija.ng) -> Legit.ng: Same great journalism, upgraded for better service!

Can Nigerian Soldiers really not deal with Boko Haram fighters?| Legit TV

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 http://bit.ly/2Si4hCN
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

The beautiful model Christina Evangeline: age, ethnicity, net worth, husband, baby

The art of modelling is more than merely putting on designer clothes and hitting the runway. It requires a lot of effort, self-care, determination, and an energetic spirit. Christina Evangeline, who is very attractive and beautiful, is a model who dedicated all her energy into this esteemed career. Fame and plenty of public attention came with her job, and she continues to show young women that success does not come overnight. It requires hard work and passion! Image: instagram.com, @yoevangeline Source: Instagram Who is Christina Evangeline ? According to the Christina Evangeline biography, she is a model who is best known for being Kenan Thompson’s wife. Christina was born on the 24th of March 1989 in the United States of America. Currently, Christina Evangeline age is 30 years. Her nationality is American, and she identifies herself as a Christian. Christina Evangeline ethnicity is White, and her Zodiac sign is Aries. Christina Evangeline race is Caucasian. Details of her paren...
Post a Comment
Read more

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...
Post a Comment
Read more

“An Investigation into the Challenges of IFRS Adoption and Implementation amongst small and medium scale Enterprises in Nigeria” DEPARTMENT OF ACCOUNTING 88PAGES

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The fast pace of globalization with integration of national financial markets has stimulated the need for a common financial language (IFRS) because good financial reporting makes investment and financial decisions more efficient . Small and medium scale enterprises are the engine that drives most economies of the world. Their importance to the economy of Nigeria cannot be overlooked. SMEs activities-both international and local have contributed immensely to the gross domestic product in the economy as they participate in manufacturing, importation, exportation, employment etc. According to Gono (2013), SMEs contribute to output and employment creation and they are also a nursery for the larger firms of the future. The most successful developing country over the last 50 years, Taiwan is built on a dynamic SME sector. Small and medium enterprises (SMEs) have played a significant role in Taiwan‟s economic development in expandi...
Post a Comment
Read more