President Bola Tinubu has extended his congratulations to the Chairman of the Dangote Group, Alhaji Aliko Dangote, on his recent appointment to the World Bank’s Private Sector Investment Lab—a prestigious global advisory body aimed at accelerating private investment and job creation in emerging economies.
The President’s message was conveyed in a statement issued on Wednesday by his Special Adviser on Information and Strategy, Mr Bayo Onanuga.
President Tinubu acknowledged the significance of Dangote’s new role at the World Bank, emphasising that the objectives of the Investment Lab align with Nigeria’s broader economic agenda and the aspirations of other developing nations to foster growth through private sector engagement.
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He highlighted Dangote’s appointment as well-deserved, citing the business magnate’s impressive track record as both an investor and a major employer of labour.
The President commended Dangote for transforming the Dangote Group into one of Africa’s most formidable conglomerates through innovation, resilience, and sustained capital investment—making him a symbol of African entrepreneurship and industrial success.
The statement read in part: “President Bola Tinubu congratulates Alhaji Aliko Dangote, President of the Dangote Group, on his appointment to the World Bank’s Private Sector Investment Lab—a platform dedicated to advancing investment and employment in developing economies.
“The President describes the appointment as highly fitting, in view of Dangote’s vast private sector experience, strategic investments, and the multitude of employment opportunities created through the Dangote Group. His conglomerate has risen to become one of Africa’s leading business empires through continuous innovation and investment.”
President Tinubu also underscored the scale and ambition of Dangote’s ventures, singling out the $20 billion Dangote Petroleum Refinery and Petrochemicals project in Lagos—widely recognised as the largest private-sector initiative in Africa.
“This refinery project,” he noted, “is a testament to Dangote’s bold vision and capacity to execute transformative projects with far-reaching impact across the continent.”
He further noted the Group’s extensive portfolio, which spans cement, fertiliser, salt, sugar, oil, and gas.
The President called on Dangote to apply his expertise and track record in his new role to influence the World Bank’s global development agenda, particularly in empowering other developing nations to attract capital and execute large-scale infrastructure and industrial projects.
“President Tinubu urges Dangote to deploy his transformative ideas and pioneering initiatives in support of the World Bank’s mission to unlock the potential of emerging markets,” the statement added.
The President also described the appointment as part of a wider global push to scale private-sector-led responses to challenges such as unemployment and inadequate infrastructure.
He placed Dangote among an elite group of internationally respected business leaders now serving on the expanded World Bank advisory body.
“The World Bank announced Dangote’s appointment on Wednesday as part of the latest phase of its Private Sector Investment Lab, which is now focused on scaling up innovative solutions to attract private capital and create employment opportunities in the developing world,” the statement concluded.
Other newly appointed members include Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chairman of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation. The Bank noted that these leaders have proven success in generating employment and supporting sustainable development in emerging economies.
