Abu explained that Nigeria and neighbouring countries were to contribute to the commission’s annual budget but that Nigeria has been funding it.
He said: “The House is aware that the percentage contribution towards the commission’s annual budget is 40 per cent by Nigeria; 18 per cent by Libya; 20 per cent by Cameroon; seven per cent by Niger; 11 per cent by Chad and four per cent by Central African Republic.
“The House is informed that the sum of $5m was released by the administration of former President Olusegun Obasanjo to the commission for feasibility studies on how to divert rivers from the Central African Republic to Lake Chad, which was drying up, in addition to funding the Lake Chad Basin Commission’s annual budget through the funding formula, to which Nigeria contributes 40 per cent.”
The House pointed out that the absence of the $5m in the report was an example of how huge amounts of money were put into projects without adequate monitoring to find out how the fund was used.
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