The country hoping to host F1's first African race for decades
The proposed project includes a new circuit in the capital, Abuja, alongside a karting track, hotels, and a motorsport museum.
F1 has not held a race in Africa since 1993, but South Africa, Rwanda, and Morocco have also declared their intention to bid.
F1 chief executive Stefano Domenicali has been invited to visit Abuja, having previously expressed a desire to return to the continent.
The current F1 calendar is at 24 races, but the Dutch Grand Prix will be removed after next year, and the Belgian Grand Prix will become biennial from 2028, potentially creating space for new venues.
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