Nigeria is set to embark on an ambitious $60 billion infrastructure project combining a 4,000-kilometre high-speed rail network with major gas development.
The Federal Government, in partnership with De-Sadal Nigeria Limited and China Liancai Petroleum Investment Holdings Limited, announced the plan on Tuesday in Abuja after the consortium presented proof of funds to the Secretary to the Government of the Federation, Senator George Akume, alongside the Ministers of Transportation, Sa’idu Alkali, and State for Petroleum Resources (Gas), Ekperikpe Ekpo.
According to De-Sadal CEO Samuel Uko, the first phase—funded by the Asian Development Investment Bank—will link Lagos, Abuja, Kano, and Port Harcourt. Valued at $55 billion, this stage covers 1,600 km of track and is projected to take 36 months, though Uko noted that completed segments will open earlier to the public.
The project also includes gas infrastructure to power the network, leveraging Nigeria’s vast reserves. Minister Ekpo assured investors of abundant supply, citing 210 trillion cubic feet of proven gas and over 600 trillion cubic feet offshore.
Akume said the proof of funds would undergo standard verification, adding that Nigeria remains “business-friendly, especially under President Bola Tinubu’s administration.”
Transportation Minister Alkali stressed the alignment with national goals for safe, efficient, and affordable transit, confirming that the Outline Business Case has been approved by the Infrastructure Concession Regulatory Commission, with a full business case to follow.
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