A report came on Monday, August 29, concerning how a Chinese company stated that its directors had gotten a provisional letter of award from the Nigerian government on constructing a light rail system worth of  $1.851billion.

The Cable learnt that rail will have a full stretch of 74.3 kilometres and is expected to travel at a speed of 100 kilometres per hour.

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The company’s announcement reads.

“Project contract amount of approximately $ 1.851 billion, equivalent to approximately RMB 120.3 Billion, accounting for 2% of the Company’s 2015 revenue, under the China Accounting Standards.”