Approved
Background: The proposed project seeks to rebuild the economy in the Lake Chad Basin through investment planning which will catalyse the efficient, sustainable, and equitable development of the basin’s natural resources. The investments resulting from the 2nd FYIP will contribute to increased agricultural activity, economic growth, and poverty reduction, and will contribute to alleviating water and food insecurity in the basin. The expected impact is to facilitate socio-economic development, through improved IWRM and basin-wide adaptation to climate induced variability and increasing demand from the growing basin population and economies. Development of the 2nd FYIP is an important step towards equitable development of the Lake Chad Basin resources. The 2nd FYIP will take a hydro-supportive view that will ensure that investments for all basin countries are included. The project will comprise two (2) components, namely: (I) Development of the 2nd FYIP and (II) Project management.
Objectives: The overall project objective is to rebuild the economy in the Chad Basin region, based on the efficient, sustainable, and equitable exploitation of the natural resources of the lake through the development of a Five-Year Investment Plan.
Beneficiaries: The beneficiaries of the project include the Lake Chad Basin Commission and other water management/development stakeholders whose capacity will be strengthened for the equitable develop and manage water resources in the Lake Chad Basin. Following the downstream investments, the basin population will realise improved livelihoods and economic development (approximately 2 million people living along the shores of Lake Chad and 45 million people in the hydrographic basin).