Lake Chad Basin Commission Basin (not all of which feeds Lake Chad) includes eight countries, which, in descending area of land, included are: Chad, Niger, the Central African Republic, Nigeria, Sudan, Algeria, and Libya. Cameroon, Niger, Nigeria and Chad (the four countries directly containing parts of Lake Chad and its wetlands) signed the Fort Lamy (today N'Djamena) Convention on May 22, 1964, which created the Lake Chad Basin Commission. The Central African Republic joined in 1996, and Libya joined in 2008. Sudan was admitted in July 2000, but has observer status because it has not ratified the founding convention. Algeria has not participated. The
Chad–Cameroon Petroleum Development and Pipeline Project which provided $46.6 million to finance Cameroon and Chad's equity in COTCO and TOTCO. Included in plans for the project was a revenue management law developed by the World Bank. This separated the oil revenues given to Chad into four required areas: a Future Generations Fund, health, education and other development projects, a fund to compensate the Doba region of Chad from where the oil was extracted and government reserves. The revenue management law also created the Petroleum Revenue Oversight Committee, which oversees how the oil revenues are spent, and includes members of both the Chadian government and civil society.