Nigeria’s $200bn rail project to undergo feasibility review
The Federal Government has set up a technical committee to assess the feasibility of a proposed $200bn gas-powered high-speed rail project. George Akume, Secretary to the Government of the Federation, inaugurated the committee to ensure the project aligns with national priorities and regulatory standards. The initiative aims to integrate gas development, power generation, and a 4,000-kilometre rail network connecting major cities like Lagos, Abuja, Kano, and Port Harcourt. The committee will review financial, technical, and security aspects before any approval is granted.
What we know
- George Akume announced the formation of an inter-agency technical committee to review the proposed $200bn rail project.
- The project, led by De-Sadel Nigeria Limited and China Liancai Petroleum Investment Holdings Limited, aims to span 4,000 kilometres across major economic corridors.
- The committee will verify financial claims, assess technical partners, and evaluate regulatory and security risks.
- Inputs from security, financial intelligence, and regulatory agencies prompted the need for a coordinated technical review.
- The committee is tasked with providing evidence-based recommendations to guide government decision-making on the project’s credibility and feasibility.
