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President Buhari says 916m Euros needed to develop region

According to him, the long term development of the Lake Chad region is crucial to reducing the high poverty rate in the basin.

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President Buhari, who stated this in Abuja at the opening of the 2nd Regional Security Summit, noted that the implementation of the action plan remained a vital challenge.

He said poverty was a major factor in the recruitment of terrorists.

``The long-term development of the Lake Chad Region is crucial to reducing the high poverty rate in the basin, a major factor in the recruitment of terrorists.

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``Implementing the Lake Chad Development and Climate Resilience Action Plan (LCDCRAP), which was submitted to donor countries and organization at the conference of Parties (COP 21), Side Event on the Lake Chad, therefore, remains a vital challenge.

``The total cost of the short and medium term development of the Lake Chad region is estimated to be in the region of 916 million Euros.

``As LCDC Member States, we seek the cooperation and support of our partners to implement this plan,’’ he said.

The President stressed the need to articulate a plan for the critical post-conflict development phase.

According to him, it is only by bringing development to the areas affected by insurgency and by protecting the victims and Internally Displaced Persons (IDPs) as well as refugees that genuine recovery of areas devastated by conflict devastated areas could be achieved.

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Buhari, therefore, expressed the hope that the summit would be a turning point for the collective efforts at achieving a conflict-free, peaceful and stable region.

``Against this backdrop, our task is to review how well we have achieved our objectives since the Paris Summit.

``We must seize the opportunity this summit presents to evaluate the successes we have achieved, consolidate our achievements, identify any shortcomings we have experienced, and then draw important lessons on which to build further progress,’’ he added.

The President gave the assurance that Nigeria would continue to work tirelessly to strengthen regional collaboration and expand international partnerships.

He said Nigeria had diligently implemented several proactive programmes in furtherance of the decisions of the Paris Summit.

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``Today, we have achieved significant outcomes. Boko Haram is no longer a cohesive force, but a group of self-seeking individuals pursuing personal glory,’’ he said.

President Buhari enumerated some of Nigeria’s achievements, at both bilateral and multilateral levels, since the Paris Summit to include the recovery of all territories occupied by Boko Haram in Nigeria and the establishment of a Multinational Joint Task Force (MNJTF) to prosecute the war against terror.

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