FG Launches Committee for $200bn High-Speed Rail Project

On Thursday, the Federal Government of Nigeria inaugurated an inter-agency committee to evaluate the feasibility of a proposed $200 billion high-speed rail project. The project aims to span 4,000 kilometers, connecting major economic corridors including Lagos, Abuja, Kano, and Port Harcourt.

Georg Akum, the Secretary to the Government of the Federation, led the inauguration in Abuja. The committee will assess credible proposals submitted by a consortium led by De Sadel Nigeria Limited in partnership with China Liancai Petroleum Investment.

Akum emphasized the need for thorough scrutiny of the proposal to ensure it aligns with national priorities, is technically sound, financially viable, and compliant with Nigeria's legal and regulatory framework. The committee will verify financial claims, assess technical and legal components, and identify potential security and financial risks associated with the project.

The panel is expected to submit an evidence-based report to guide the Federal Government's decision on the project.