The Nigerian government, through a public-private partnership (PPP), plans to introduce high-speed trains as part of its ongoing railway upgrades across the country. This move is expected to improve transportation and boost the economy.
Samuel Okoh, President and CEO of De Sadel Consortium, shared this update during the 2nd International Railway Conference held recently in Abuja.
Mr. Okoh said Nigerians will soon experience a new era through President Bola Tinubu’s “Renewed Hope” agenda. He explained that the high-speed rail project will not only bring fast trains but also help build industries and new cities.
He added that the project is meant for all Nigerians — not just the rich. It will serve the middle class who travel between cities like Lagos, Abuja, and Port Harcourt, as well as everyday travelers going shorter distances such as Abuja to Kaduna or Ibadan to Lagos.
Okoh said the De Sadel Consortium has fully embraced the President’s vision and is already working hard to make the high-speed rail project a reality.
He stressed that the consortium has the skills and experts needed for such a big project. He compared it to Aliko Dangote’s refinery project, which many doubted at first but later became a success. He believes Nigerians are capable of achieving great things.
Speaking on progress made, Mr. Okoh said that in just 18 months, they have completed 90% of the approval process for the \$60 billion project. He praised the government for its support and said such commitment hasn’t been seen in any African country before.
He also explained that the high-speed trains will mostly run underground or on bridges. This method, he said, is faster and easier for construction and avoids interference with regular train systems.
Mr. Okoh announced that the groundbreaking ceremony for the project will happen in early 2026. He said they are almost finished with preparations and will soon get final approval from the Federal Executive Council (FEC). Global leaders will be invited for the launch.
The first phase of construction will take 36 months (3 years) and cover 1,600 kilometers across 26 states. It will begin from four major cities: Abuja, Lagos, Port Harcourt, and Kano — chosen for their high business potential and fast return on investment.
He explained that the project is designed to benefit the Nigerian people and attract returns for investors, before any profit goes to the company itself. He urged Nigerians to believe in the vision.
However, Mr. Okoh did not reveal the names of potential investors. He said only serious and genuine investors will be accepted, as the project needs people with good intentions.
He explained that many investors are interested because the project could start making money quickly. Originally planned as a 20-year investment, it now looks like it could pay off in less than 10 years. If just 5% of Nigerians take 10 trips a year at \$100 per ticket, the project will succeed.
He concluded by saying that if more Nigerians use the service, the returns will be even greater. He believes everything is in place — the people are ready, the government is supportive, and the project is on the right track.
