HomeBusinessNigeria’s $60 Billion Chinese-Funded Bullet Train Nears Final Approval

Nigeria’s $60 Billion Chinese-Funded Bullet Train Nears Final Approval

Published on


KEY POINTS


  • Nigeria’s $60 billion bullet train project is near full government approval.
  • The first 1,600km phase could start partial operations in three years.
  • Analysts expect major economic and environmental benefits nationwide.

Nigeria’s long-envisioned bullet train network—one of the country’s most ambitious infrastructure dreams—may finally leave the drawing board.

Backed by $60 billion in Chinese funding and nearly all required government approvals, the high-speed rail project promises to transform travel across Lagos, Abuja, Kano, and Port Harcourt, potentially redrawing the country’s economic map.

Bullet train project clears major hurdles

At a press briefing in Abuja, De-Sadal Nigeria Limited, its Chinese partner China Liancai Petroleum Investment Holdings, and government officials announced that construction on the 4,000-kilometre high-speed network would soon begin.

Samuel Uko, chief executive of De-Sadal, said $55 billion for the first phase—spanning 1,600 kilometres—has already been secured from the Asian Development Investment Bank.

The project’s first stage, linking major cities, could see partial operations within three years, with Lagos-to-Lokoja passengers possibly boarding earlier.

Transportation Minister Sa’idu Alkali confirmed the Infrastructure Concession Regulatory Commission (ICRC) has approved the outline business case, with a full business case pending Federal Executive Council clearance.

Bullet train to reshape economy and mobility

Government ministers have pledged to support the venture, with Petroleum Resources (Gas) Minister Ekperikpe Ekpo assuring fuel supply for operations. Beyond speed, officials and analysts point to a wave of expected benefits—rising property values, a tourism lift, reduced traffic congestion, and a GDP boost along the rail corridor.

Economic experts compare the project’s potential to Japan’s Shinkansen network, which has carried over 10 billion passengers since 1964 and became a benchmark for efficiency.

According to Business Day, Analyst Allwell Izu predicts job creation, environmental gains through lower carbon emissions, and even population shifts, as improved connectivity could allow workers to live farther from major cities.

Latest articles

Obidient Movement accuses APC after police scrap N20 million Obi-Kwankwaso rally in Akwa Ibom

Akwa Ibom police have canceled a two-million-man march for Peter Obi and Rabiu Kwankwaso in Uyo, with the NDC saying it lost N20 million mobilizing supporters.

Nigerian public servants begin three-day warning strike, demand N500 petrol and new minimum wage

Nigeria's Joint National Public Service Negotiating Council has begun a three-day warning strike from Oct. 2 to 4, demanding N500 petrol and a new minimum wage.

From Ifangni to Ilasamaja: How a 10-year-old “tiling apprentice” ended up mixing cement instead of going to school

A 10-year-old from Benin Republic works and sleeps on a Lagos construction site, showing how poverty, migration and informal apprenticeship push children out of school.

Why nutritionists say Nigerians should stop boiling eggs and rice in the same pot

Nigerian dietitians warn that boiling unwashed eggs with rice in one pot can transfer Salmonella and E. coli from the shells to the grains, risking foodborne illness.

More like this

Obidient Movement accuses APC after police scrap N20 million Obi-Kwankwaso rally in Akwa Ibom

Akwa Ibom police have canceled a two-million-man march for Peter Obi and Rabiu Kwankwaso in Uyo, with the NDC saying it lost N20 million mobilizing supporters.

Nigerian public servants begin three-day warning strike, demand N500 petrol and new minimum wage

Nigeria's Joint National Public Service Negotiating Council has begun a three-day warning strike from Oct. 2 to 4, demanding N500 petrol and a new minimum wage.

From Ifangni to Ilasamaja: How a 10-year-old “tiling apprentice” ended up mixing cement instead of going to school

A 10-year-old from Benin Republic works and sleeps on a Lagos construction site, showing how poverty, migration and informal apprenticeship push children out of school.