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.
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.