“SGF LAUNCHES REVIEW OF $200BN GAS, POWER & RAIL MEGAPROJECT”
GREATRIBUNETVNEWS–THE Secretary to the Government of the Federation, Sen. George Akume, has inaugurated a technical committee to review the proposed $200 billion Integrated Gas, Power, and High-Speed Rail project.
Key Highlights:
– _”The project will birth a 4,000km dual-track high-speed rail, cutting inter-city travel time by 75% and linking all 36 states and the FCT.”_ – Project Overview
– _”The project is an innovative endeavour that will change Nigeria’s transport infrastructure.”_ – Samuel Ukoh, MD/CEO, De-Sadel Nigeria Limited
– 3,500 megawatts of power to drive the high-speed rail system
– First phase connects Lagos, Abuja, Kano, and Port Harcourt
– Expected to transform Nigeria’s transport infrastructure, enhance economic growth, and deepen national integration
The project involves gas development, power generation, and transmission, and high-speed rail network construction. Sen. Akume emphasized the project’s potential to stimulate industrial growth and strengthen energy security
According to the SGF, part of the mandate of the committee is to carefully examine all relevant documentation, verify claims made by the project proponents, review the technical, legal and environmental aspects of the proposal and provide objective, evidence-based recommendations to guide government decision-making.
He further urged members of the Committee to approach the assignment with professionalism, objectivity and patriotism and also engage with relevant stakeholders to ensure due diligence and compliance with international best practices.
The Technical Committee, which was chaired by the Permanent Secretary (Political & Economic Affairs Office), has the following membership: Permanent Secretaries from the Federal Ministry of Transportation, Ministry of Petroleum Resources, Federal Ministry of Finance, Federal Ministry of Justice, and Federal Ministry of Environment.
Other members include Infrastructure Concession Regulatory Commission (ICRC), Nigerian Electricity Regulatory Commission, Nigeria Communication Commission (NCC), Director-General, Nigeria Governors Forum, Cenral Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), National Intelligence Agency (NIA), Office of the National Security Adviser (ONSA), Department of State Services (DSS), Debt Management Office (DMO), Office of the Surveyor General of the Federation (OSGoF) and Economic, Monitoring & Research Department (OSGF), as the Secretariat.
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