Lake Chad Basin Commission other countries with observer status are Egypt—in the neighboring Nile Basin—and the Republic of Congo and the Democratic Republic of Congo which are fed by the Ubangi River being considered for diversion into Lake Chad. The member countries fund the commission's $1 million annual budget based on an agreed-upon formula: Nigeria 52%, Cameroon 26%, Chad 11%, Niger 7%, the Central African Republic 4%. The Commission's Basin Committee for Strategic Planning (BCSP), coordinates local activities between the member states. The LCBC controls the hydro-active regions in the Chad Basin, called the "Conventional Basin". The initial Conventional Basin consisted of approximately 427,500
Chad–Cameroon Petroleum Development and Pipeline Project no term limits. A climate of intense corruption has created an unequal distribution of wealth and poor conditions for domestic and international investments. The portion of the pipeline owned by Cameroon is managed by the Cameroon Oil Transportation Company (COTCO). This company is incorporated in Cameroon, and is a joint venture between the governments of Cameroon and Chad, and the Upstream Consortium, an independent monitoring institution. The World Bank's support was very important for the Consortium of oil companies, as they believed they needed the support of the Bank in order for the project to succeed. While the project's private