The Traffic

FG, Partners Unveil $60 Billion Plan for 4,000km High-Speed Rail Across Nigeria

The Federal Government, in collaboration with De-Sadel Nigeria Ltd. and China Liancai Petroleum Investment Holdings Limited, has announced plans to construct a $60 billion, 4,000-kilometre high-speed rail network spanning six states.

The project took a major step forward on Tuesday when the companies presented an official proof-of-funds to the Secretary to the Government of the Federation (SGF), George Akume, in Abuja. The event was attended by key officials including the Minister of Transportation, Sa’idu Alkali, and the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.

De-Sadel Nigeria CEO Samuel Uko said the first phase will connect Lagos, Abuja, Kano, and Port Harcourt—covering 1,600 kilometres—with construction to be carried out in stages so sections can be operational before the 36-month completion timeline.

“The rail system will require significant power, which depends on reliable gas supply. That’s why this project is linked closely with the oil and gas sector,” Uko noted, adding that funding is backed by the Asian Development Investment Bank.

SGF Akume described the meeting as “stimulating” but stressed that the proof-of-funds will undergo verification, noting: “We do not doubt them, but government must confirm large financial commitments.”

Minister Alkali said the project aligns with the ministry’s mandate to provide safe and affordable transport, while Minister Ekpo assured investors of stable gas supply, citing Nigeria’s proven reserves of 210 trillion cubic feet.

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, confirmed that verifying the $60 billion proof-of-funds from China is the next step, adding, “This is in line with the President’s vision that Nigeria is open for serious business.”

By Haruna Yakubu Haruna