U.N. to help raise $50 bln for Lake Chad revival project

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ABUJA, April 23 – U.N. Secretary-General Antonio Guterres has agreed to help raise $50 billion for a project to help revive drought-stricken Lake Chad, Nigerian President Muhammadu Buhari said on Tuesday.

The lake, which borders Nigeria, Niger, Chad and Cameroon, has lost 90 per cent of its surface area due to poor water management and climate change, and the United Nations has warned that millions of people need help to avert famine.

The area is also a stronghold for militant groups including Islamic State in West Africa (ISWA) and Nigeria’s Boko Haram.

“President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad,” Buhari said in a statement.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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