The Federal Government has inaugurated an inter-agency committee to evaluate the feasibility of a proposed $200 billion gas-powered high-speed rail project spanning approximately 4,000 kilometres across Nigeria.
The initiative, unveiled in Abuja on Thursday, is designed to connect key economic hubs including Lagos, Abuja, Kano, and Port Harcourt, while integrating rail infrastructure with gas development, power generation, and transmission.
Secretary to the Government of the Federation, George Akume, who inaugurated the committee, emphasised the need for a thorough and transparent assessment of the proposal before any approval is granted.
The project was submitted by a consortium led by De-Sadel Nigeria Limited in partnership with China Liancai Petroleum Investment Holdings Limited.
Akume noted that given the scale and strategic importance of the project, it must align with national priorities and meet strict technical, financial, and regulatory standards.
“Projects of this magnitude must be carefully evaluated to ensure they are technically sound, financially viable, and compliant with Nigeria’s legal and regulatory frameworks,” he said.
The committee has been tasked with verifying the financial claims of the promoters, including proof of funds, and conducting a comprehensive review of the technical, legal, environmental, and security aspects of the proposal.
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It will also assess the financing model, the competence of technical partners, and the potential risks associated with the project.
According to the SGF, inputs have already been received from security, financial intelligence, and regulatory agencies, highlighting the need for a coordinated, multi-agency review.
He added that the panel would consolidate findings from these agencies to identify potential risks, including financial crimes and national security concerns, while recommending safeguards for the project’s advancement.
The proposed rail network, if approved, is expected to significantly enhance transportation, boost economic activities, and strengthen connectivity across Nigeria’s major commercial corridors.
However, officials insist that the project will only proceed if it meets all due diligence requirements and demonstrates clear value for money.
The committee is expected to submit an evidence-based report to guide the Federal Government’s final decision on the ambitious infrastructure plan.