President Bola Ahmed Tinubu has congratulated the Chairman of the Dangote Group, Alhaji Aliko Dangote, on his appointment to the World Bank’s Private Sector Investment Lab.
The lab is a global advisory group focused on increasing private investment and generating jobs in developing countries.
This was disclosed in a statement on Wednesday by Bayo Onanuga, the Special Adviser to the President on Information and Strategy.
President Tinubu praised Dangote’s inclusion in the initiative, calling it a well-deserved recognition of his entrepreneurial achievements and impact on the African economy.
He noted that the World Bank’s mission aligns closely with Nigeria’s goals for economic development through private sector participation.
“The appointment is apt, given Dangote’s rich private sector experience, strategic investments, and many jobs created through the Dangote Group,” the statement read.
President Tinubu highlighted the scope of Dangote’s contributions, including the landmark $20 billion refinery project in Lagos, which he described as Africa’s most significant single private-sector investment.
The refinery stands as a bold example of how African businesses can lead large-scale transformation.
He also mentioned Dangote’s diverse business interests — spanning cement, fertiliser, sugar, salt, and oil and gas — as proof of his ability to drive innovation and growth.
Calling him to action, Tinubu urged Dangote to leverage his position at the World Bank to help developing nations attract capital and execute large development projects.
He encouraged him to share his transformative ideas and inspire a new wave of industrial leadership in emerging markets.
The World Bank announced Dangote’s appointment as part of a broader effort to expand the Lab’s membership and deepen its focus on job creation in developing economies.
Other new members include Bayer CEO Bill Anderson, Bharti Enterprises Chairman Sunil Bharti Mittal, and Hyatt Hotels President Mark Hoplamazian.
With this appointment, Dangote joins a global circle of business leaders committed to solving critical development challenges through private-sector-driven solutions.
