Dangote expresses honor at his World Bank appointment.

Aliko Dangote, President and Chief Executive of the Dangote Group, has expressed his gratitude following his appointment to the World Bank's Private Sector Investment Lab, which aims to enhance investment and job creation in emerging markets.
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 In a statement, Dangote emphasized his dedication to promoting sustainable economic growth through private sector investment, highlighting the transformative potential of such initiatives in developing economies. "I am both honored and thrilled to accept my role in the World Bank's Private Sector Investment Lab, which is committed to fostering investment and employment in emerging markets," he said. He further remarked, "This opportunity resonates with my long-standing commitment to sustainable development and unlocking the potential of developing nations. Inspired by the notable successes of the Asian Tigers, which illustrate the impact of strategic investment and focused economic policies, I look forward to collaborating with fellow leaders to replicate these results in other regions." In 2023, Canadian Prime Minister Mark Carney co-chaired the Private Sector Investment Lab, which aimed to attract £1 trillion in sustainable investments to facilitate the energy transition in emerging markets. 
The World Bank announced Dangote's appointment on Wednesday, as part of a broader expansion of the Private Sector Investment Lab, which is entering a new phase focused on scaling solutions to attract private capital and create jobs in developing regions. Joining Dangote in this elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation. The World Bank stated that the expanded membership brings together business leaders with a proven track record in generating employment in developing economies, aligning with the Bank's renewed emphasis on job creation as a cornerstone of global development. "With this expanded membership, we are integrating this work across our operations and linking it directly to our jobs agenda that drives our strategy," said World Bank Group President Ajay Banga.
 "This isn't merely about altruism—it's about guiding the private sector toward investment opportunities that yield returns while uplifting people and economies. It's central to our mandate." Over the past 18 months, the Lab has convened leaders from global financial institutions to identify and address the most significant barriers to private sector investment in developing countries, testing actionable solutions. The Bank reported that this work has since been consolidated into five key focus areas to be integrated across its operations, including regulatory and policy certainty. According to the statement, the Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent, engaging in sectors such as cement, fertilizer, salt, sugar, and oil. The Group employs over 30,000 people and is Nigeria's largest taxpayer, contributing more in taxes than all of the country's banks combined. It also stands as the largest employer after the government. Notably, the $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group's flagship project, represents the largest single private investment in Africa. Beyond his commercial endeavors, Dangote heads the Aliko Dangote Foundation, the largest private foundation in sub-Saharan Africa, endowed by a single African donor. The Foundation primarily focuses on child nutrition but also supports initiatives in health, education, empowerment, and disaster relief.

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