President Bola Tinubu has extended his congratulations to Alhaji Aliko Dangote, Chairman of Dangote Group, on his recent appointment to the World Bank’s Private Sector Investment Lab, an entity dedicated to fostering investment and job creation in emerging economies.
In a statement released by Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, President Tinubu characterized Dangote’s appointment as well-deserved, citing his extensive experience in the private sector, strategic investments, and the numerous job opportunities created through his company.
President Tinubu referred to Dangote Group as one of Africa’s premier conglomerates, known for its innovation and ongoing investments. He highlighted the group’s diverse business interests, which include cement, fertiliser, salt, sugar, oil, and gas, with the $20 billion Dangote Petroleum Refinery and Petrochemicals standing out as Africa’s most ambitious project and the largest single private investment on the continent.
The President encouraged Africa’s wealthiest individual to leverage his transformative ideas and initiatives in his new role at the World Bank, aiming to make a significant impact on emerging markets worldwide.
The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase focused on developing solutions to attract private capital and generate jobs in developing regions.
Alongside Dangote, other appointed members include Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation. The World Bank has stated that this expanded membership brings together business leaders with a proven track record in creating jobs in developing economies, reinforcing the Bank’s commitment to job creation as a key component of global development.