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
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