President Bola Tinubu has congratulated Africa’s wealthiest man, Alhaji Aliko Dangote, on his appointment to the World Bank’s Private Sector Investment Lab. This is a body focused on driving investment and job creation in emerging economies.

Tinubu praised Dangote’s extensive experience in the private sector. He highlighted his strategic investments and the thousands of jobs created through his conglomerate, Dangote Group. He emphasized that Dangote’s appointment was well-deserved given the group’s rise to prominence, spanning industries like cement, fertilizer, salt, sugar, oil, and gas.

Tinubu also noted that Dangote’s $20 billion Petroleum Refinery and Petrochemicals project is the most ambitious and significant private investment in Africa. He encouraged Dangote to bring his innovative ideas to his new role at the World Bank. Also, he encouraged him to help shape impactful initiatives for emerging markets globally.

Dangote was announced as part of the World Bank’s expanded Private Sector Investment Lab on Wednesday.  Joining other business leaders such as Bill Anderson (CEO of Bayer AG), Sunil Bharti Mittal (Chair of Bharti Enterprises).  Lastly, Mark Hoplamazian (President and CEO of Hyatt Hotels). The expanded lab aims to attract private capital and create jobs in developing economies. In addition, to support the World Bank’s goal of global job creation as a key focus for development.