Nigeria Launches Review for $200 Billion Rail Project

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

Georg Akum, who inaugurated the committee in Abuja, emphasized the project's potential to transform Nigeria's transport and energy infrastructure. The committee will evaluate proposals submitted by a consortium led by De Sadel Nigeria Limited in collaboration with China Liancai Petroleum Investment Holdings Limited.

Akum noted the importance of a thorough evaluation to ensure alignment with national priorities and compliance with Nigeria's legal and regulatory framework. The committee will verify financial claims, assess technical and legal environments, and provide evidence-based recommendations to guide government decisions regarding the project's advancement.