The Federal Government has set up a technical committee to assess a proposed $200 billion high-speed rail and integrated power and gas project put forward by a consortium led by De Sadel Nigeria Limited and China Liancai Petroleum Investment Holdings Limited.

The multi-agency panel was inaugurated in Abuja by George Akume, Secretary to the Government of the Federation, with representatives drawn from key ministries and agencies, including the Central Bank of Nigeria, Economic and Financial Crimes Commission, and Debt Management Office.

The committee is tasked with reviewing the project’s financial structure, technical design, legal framework, and environmental impact, as well as verifying proof of funds and assessing associated risks.

The proposed project includes the development of a 4,000-kilometre high-speed rail network linking major cities such as Lagos, Abuja, Kaduna, Kano, and Port Harcourt, alongside integrated gas development and power generation infrastructure.

According to the government, the initiative is designed to improve transportation, boost energy supply, and drive industrial growth by connecting Nigeria’s gas resources to power and rail systems.

Officials stated that the project will be thoroughly evaluated to ensure it aligns with national priorities and meets regulatory standards before any final approval is granted.