President Bola Ahmed Tinubu has extended his congratulatory message to the President of Dangote Group, Alhaji Aliko Dangote, on his recent appointment to the World Bank’s Private Sector Investment Lab.
The Investment Lab is a strategic body set up by the World Bank to stimulate investment and generate employment in emerging economies.
In a statement released by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, President Tinubu described Dangote’s appointment as well-deserved, citing his extensive private sector experience, far-reaching investments, and the numerous job opportunities created through his conglomerate, the Dangote Group.
The President encouraged Dangote to leverage his innovative ideas and transformative initiatives to make a lasting impact on emerging markets through his new role.
Dangote’s appointment was announced on Wednesday as part of the World Bank’s broader expansion of the Private Sector Investment Lab.
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Focus on Job Creation
In its renewed phase, the Lab aims to accelerate private capital mobilisation and enhance job creation across developing countries.
Other distinguished appointees include Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation — all joining Dangote in the Lab.
According to the World Bank, the expanded membership comprises global business leaders with proven success in driving employment in developing markets, in line with the Bank’s prioritisation of job creation as a central pillar of development strategy.
The Dangote Group’s diverse business interests include cement, fertiliser, salt, sugar, oil, and gas. Its flagship project , the $20 billion Dangote Petroleum Refinery and Petrochemicals, stands as Africa’s boldest industrial venture and the continent’s largest single private investment.
Through sustained innovation and strategic reinvestment, the Dangote Group has become one of Africa’s most prominent conglomerates.
