Lake Chad Lake Chad Lake Chad (French: Lac Tchad) is a historically large, shallow, endorheic lake in Africa, which has varied in size over the centuries. According to the "Global Resource Information Database" of the United Nations Environment Programme, it shrank by as much as 95% from about 1963 to 1998, but "the 2007 (satellite) image shows significant improvement over previous years." Lake Chad is economically important, providing water to more than 30 million people living in the four countries surrounding it (Chad, Cameroon, Niger, and Nigeria) on the edge of the Sahara. It is the largest lake in the Chad Basin.
Niger River Fund. The World Bank approved a US$500 million soft loan in July 2007 to finance projects in the basin over a 12-year period. Funding will be awarded in two phases. The initial $185 million credit will go to Nigeria, Guinea, Benin, Mali and Niger. The second, $315 million investment, is slated for Burkina Faso, Cameroon, Chad and Ivory Coast. Besides financing the rehabilitation of dams in Nigeria, the loan will also fund the "sustainable management of selected degraded ecosystems and rehabilitation of small water infrastructure" and capacity building. In September 2009, the Nigerian government commenced a 36 billion naira dredging