Chad–Nigeria relations in the late 1970s, clashes occurred around Lake Chad, where both countries hoped to exploit oil reserves. Both also sought to defuse these confrontations, first by establishing joint patrols and a commission to demarcate the boundary across the lake more clearly. Then in the early 1980s, the low level of Lake Chad brought a series of tiny islands into view, leading to further disputes and disrupting long-standing informal trade networks. This relationship was also complicated by Nigeria's own instability in the north, generated by rising Islamic fundamentalism. Thousands of casualties occurred as the result of violent clashes in Nigeria throughout
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