Niger–Nigeria relations on the waters of the Niger River and Lake Chad. Both areas face rapid desertification and increasing demands for water. The two nations are members of the Niger Basin Authority (successor to the 1964 Niger River Commission), the Lake Chad Commission, and the "Niger-Nigeria Joint Committee" has special focus on water and water development issues. The two nations are signatories of The Enugu Agreement (3 December 1977) on common regulations for fauna and flora among the member states of the Lake Chad Basin Commission (Cameroon, Niger, Nigeria and Chad). On 15 January 1990 the two nations signed "The Abuja Agreement"
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