'By 2015, the Federal Republic of Nigeria is on schedule to have over 8,000 kilometers of state-of-the-art high speed passenger rail. At the end of Phase 1, a network of six lines will connect more than fifty of the country's major cities, with new regional lines extending across the country. Extension work, terminating at neighboring capitals, is to continue past 2020. NAIJARAIL will be one of the world's premier transport systems, and by far the most advanced rail network of Africa.
'With a projections maximum speed of 220km/hour, mainline service is expected to average 150km/hour across the entire network. Cost estimates from the 2008 plan require an outlay of more than US$200b over six years, or approximately US$25m per km.'
Nuhu Ribadu, Chairman of the Economic and Financial Crimes Commission of Nigeria, was quoted by the BBC to estimate that Nigeria's leaders had wasted or stolen approximately US$380,000,000,000 since independence.