Nigeria is set for a massive infrastructure boost as the Federal Government teams up with De-Sadal Nigeria Limited and China Liancai Petroleum Investment Holdings Limited to build a $60 billion high-speed rail and gas network.
The consortium, which presented proof of funds to Secretary to the Government of the Federation, Senator George Akume, on Tuesday in Abuja, confirmed that the first phase will link Lagos, Abuja, Kano, and Port Harcourt with 1,600km of track over 36 months. Portions of the route will become operational before full completion.
Of the $60 billion, $55 billion will fund the rail phase, while a gas component will power the network. Transportation Minister Sa’idu Alkali said the project aligns with the ministry’s safe, affordable transport goals, while Petroleum Minister (Gas) Ekperikpe Ekpo assured of sufficient gas reserves to sustain operations.
Akume noted the government will verify the funds but stressed Nigeria remains investor-friendly under President Bola Tinubu. The project is expected to cut travel time, boost trade, and create jobs, while keeping billions in spending within the local economy.
