Tinubu Hails Dangote’s Appointment to World Bank Investment Lab

President Bola Tinubu has extended his congratulations to Alhaji Aliko Dangote, Chairman of the Dangote Group, following his appointment to the World Bank’s Private Sector Investment Lab — a strategic global advisory body focused on boosting private investment and job creation in emerging markets.

The commendation was issued through a statement by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, on Wednesday.

President Tinubu described the appointment as a well-deserved recognition, highlighting that the objectives of the World Bank’s investment lab align closely with Nigeria’s development goals and those of other developing nations seeking growth through private sector participation.

He pointed to Dangote’s vast experience, entrepreneurial resilience, and impact as an investor and major employer across Africa, noting that these qualities make him a fitting representative on the global stage.

“President Bola Tinubu congratulates Alhaji Aliko Dangote, the President of Dangote Group, on his appointment to the World Bank’s Private Sector Investment Lab, a body tasked with promoting investment and job creation in emerging economies.

“The President describes the appointment as apt, given Dangote’s rich private sector experience, strategic investments, and many employment opportunities created through his Dangote Group. The Dangote Group became one of Africa’s leading conglomerates through innovation and continuous investment,” the statement read in part.

Tinubu also highlighted Dangote’s landmark $20 billion refinery and petrochemical complex in Lagos — acclaimed as the largest single private-sector investment in Africa — as a symbol of the industrialist’s bold vision and capacity for transformative development.

“Dangote Group’s business interests span cement, fertiliser, salt, sugar, oil, and gas. However, the $20 billion Dangote Petroleum Refinery and Petrochemicals remains Africa’s most daring project and most significant single private investment,” he added.

Encouraging Dangote to make the most of his new role, the President urged him to leverage his vast experience to support the World Bank’s mission and guide other developing nations in attracting investment and executing large-scale development projects.