<p>The United Nations Development Programme, UNDP, which partners with people at all levels of society to help build nations that can withstand crisis and drives growth for quality of life, on Thursday, July 18, launched the Regional Stabilization Facility for Lake Chad, an ambitious multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin.</p>



<p>The four Lake Chad Basin countries have warmly welcomed this
joint initiative, as part of their own ongoing efforts to secure and stabilize
the region.</p>



<p>In a release made available to OpenLife, the Facility will
start operating on 1 September for two  ;years in the eight affected regions of the 4
riparian countries (Cameroun, Chad, Niger, and Nigeria) and will serve as a
rapid response mechanism to help the local authorities curtail the ability of
Boko Haram insurgency by restoring and extending effective civilian security;
improve the delivery of basic services and livelihoods.</p>



<p>The official presentation of the Facility was one of the
high points of the 2nd Meeting of the Lake Chad Governors’ Forum which opened
today in Niamey, under aegis of the Lake Chad Basin Commission with the support
of the African Union. The Forum is hosted by the Government of Niger and
supported with funds from the Government of Germany.</p>



<p>Speaking of the potentially far-reaching impact of the
Facility during the opening ceremony of the 2nd Meeting of the Lake Chad
Governors’ Forum, UNDP Regional Director for Africa Ms. Ahunna Eziakonwa said:
“With the Regional Stabilization Facility, we have a unique and time-bound
opportunity and a collective obligation to restore hope to affected
populations, especially women and youth who have been most affected by this
scourge. If we respond appropriately to grievances and end the spiral of
insecurity, forced displacements and conflict, the situation in the Lake Chad
Basin can be stabilized, and the foundations of recovery and development
established.”</p>



<p>Speaking at the Lake Chad Governors’ Forum, Ms. Corinna
Fricke, from the German Federal Foreign Office stated that “the multi-donor
Regional Stabilization Facility’s integrated civil-military approach, including
a strong focus on livelihoods and resilience, fills a strategic gap in the
existing stabilisation efforts.”</p>



<p>The Facility is anchored in the Regional Stabilization
Strategy (RSS) for Lake Chad, a ground-breaking initiative led by the Lake Chad
Basin Commission (LCBC) and adopted by its Member States in August 2018, and
endorsed by the African Union Peace and Security Council in December 2018.</p>



<p>The
Facility will be implemented with a planned budget of $100 million for the
first phase across the four countries, which have expressed their continued
strong commitment to leading necessary stabilization efforts in the region,
including through the Facility. The Governments of Germany, Sweden and the
United Kingdom have also lent their full support to the implementation of the
Facility, and plan to provide funding to it during its first phase.</p>



<p>A
signing ceremony will be held following the first day of the Governors’ Forum
with the Government of Sweden signing a cost sharing agreement amounting to 80
million Swedish Kronor as a contribution to the Regional Stabilization
Strategy.</p>

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