Lake Chad Lake Chad is a freshwater lake located in the Sahelian zone of west-central Africa. It is located in the interior basin which used to be occupied by a much larger ancient sea sometimes called Mega Chad. The lake is historically ranked as one of the largest lakes in Africa. However, its surface area varies by season and as well as from year to year. Lake Chad is mainly in the far west of Chad, bordering on northeastern Nigeria. The Chari River, fed by its tributary the Logone, provides over 90% of the lake's water, with a small amount coming from
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.