The World Bank on April 24 announced Dangote’s appointment as part of the lab’s expanded membership — a move aimed at scaling up solutions to attract private capital and boost job creation in emerging markets.
Dangote joined other global business leaders such as Bill Anderson, chief executive officer (CEO) of Bayer AG; Sunil Bharti Mittal, chair of Bharti Enterprises; and Mark Hoplamazian, president and CEO of Hyatt Hotels Corporation, in the investment lab.
In a statement on Monday by Bayo Onanuga, special adviser to the president on information and strategy, Tinubu described Dangote’s appointment as “well-deserved”, noting his extensive experience in the private sector, strategic investments, and job creation efforts through the Dangote Group.
“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 statement said.
“The Dangote Group became one of Africa’s leading conglomerates through innovation and continuous investment.
“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.”
The president urged Dangote to apply his transformative ideas and initiatives to the World Bank role to make a meaningful impact on emerging markets globally.
