Lake Chad Basin Commission obtaining funding, there were plans to present the CHADWET to the Ramsar Conference in November 2005 as a Ramsar Regional Initiative. Lake Chad Basin Commission The Lake Chad Basin Commission (LCBC or CBLT in French) is an intergovernmental organization that oversees water and other natural resource usage in the basin. There are eight member governments—i.e., Cameroon, Chad, Niger, Nigeria, Algeria, the Central African Republic, Libya, and Sudan—chosen for their proximity to Lake Chad. The organization's secretariat is located in N'Djamena, Chad. The LCBC is Africa's oldest river or lake-basin organization. In its founding document (the Convention and Statutes relating to
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.