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Tinubu Congratulates Dangote on Appointment to World Bank’s Investment Lab
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.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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