Government will soon finalize the African Development Fund (ADF) concessional rate loan instrument of the ADB loan agreement for 9.4 billion FCFA.

According to a presidential decree issued by government to authorise the Minister of Economy to sign the loan agreement, the funds will be used for the partial financing of the improvement and socio-ecological system residence reinforcement programme for the Lake Chad basin (PRESIBALT in French).

The 3rd largest freshwater reserve in the world, Lake Chad has diminished by 80% in the last 40 years and is now in crisis.