President Tinubu applauds Aliko Dangote’s appointment to the World Bank’s Private Sector Investment Lab, citing his significant contributions to African entrepreneurship and development

[dropcap]P[/dropcap]resident Bola Tinubu has extended his congratulations to Alhaji Aliko Dangote, Chairman of Dangote Group, on his appointment to the World Bank’s Private Sector Investment Lab.

Also read: World Bank appoints Aliko Dangote to private sector investment lab to boost job creation

This high-level global advisory body aims to accelerate private investment and job creation in emerging economies.

In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu recognized the significance of Dangote’s new role, emphasizing its alignment with Nigeria’s and other developing nations’ aspirations for economic growth through private sector involvement.

President Tinubu highlighted Dangote’s extensive track record as an investor and employer, praising his ability to build the Dangote Group into a leading African conglomerate through innovation, resilience, and continuous capital infusion.

He specifically noted the $20 billion Dangote Petroleum Refinery and Petrochemicals project in Lagos, describing it as Africa’s most ambitious private sector initiative.

President Tinubu urges Dangote to bring to bear on the World Bank appointment his transformative ideas and initiatives to impact the emerging markets across the world fully.” – Statement by Bayo Onanuga.

“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 statement read.

“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.”

President Tinubu urged Dangote to leverage his expertise and experience to influence the World Bank’s global development agenda, particularly in helping developing countries attract capital and execute large-scale development projects.

The World Bank’s Private Sector Investment Lab, which also includes prominent business leaders such as Bill Anderson, Sunil Bharti Mittal, and Mark Hoplamazian, aims to scale up solutions to attract private capital and create jobs in the developing world.

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“The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies, supporting the Bank’s focus on job creation as a central pillar of global development,” the statement concluded.