First Phase: 1,600km in 36 Months
Nigeria says it has secured $60 billion in funding commitments for a high-speed rail and gas infrastructure project. The plan, led by private partners with federal government backing, aims to build a 4,000km network, with the first 1,600km linking Lagos, Abuja, Kano, and Port Harcourt within 36 months.
The Infrastructure Concession Regulatory Commission (ICRC) has approved the project’s business case, while officials say some routes could open before full completion. Funding is reportedly from an institution described as the “Asian Development Investment Bank,” along with firms De-Sadal Nigeria Limited and China Liancai Petroleum Investment Holdings.
However, doubts remain. Observers note the named bank does not officially exist, raising questions about financing credibility. Critics also highlight risks around execution, land acquisition, and security.
If realized, the rail line would be one of Africa’s largest infrastructure projects, potentially transforming transport across Nigeria. But verification of funds and feasibility will determine whether the bold plan moves forward.
