Nigeria Secures $60 Billion Funding Proof for 4,000km High-Speed Rail

The Federal Government, in partnership with De-Sadel Nigeria Ltd and China Liancai Petroleum Investment Holdings Limited, is set to embark on the construction of a 4,000km high-speed rail network across six states. The project’s first phase—covering about 1,600km and linking Lagos, Abuja, Kano, and Port Harcourt—was confirmed following the presentation of a $60 billion proof-of-funds from the Asian Development Investment Bank to the Secretary to the Government of the Federation, Senator George Akume. Key ministers, including those of Transportation and Petroleum Resources (Gas), were in attendance, underscoring the project’s national importance.

The $60 billion proof-of-funds will be deployed in phases over a 36-month schedule, with train services expected to commence on completed sections before full project delivery. Gas-powered electricity infrastructure will support rail operations, leveraging Nigeria’s proven 210 trillion cubic feet of gas reserves.

The high-speed rail will transform intercity travel, reduce journey times, enhance trade, and attract foreign investment, aligning with the government’s mandate for safe, secure, and affordable transport while boosting economic integration.

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