Tinubu Congratulates Dangote on World Bank Appointment

President Bola Tinubu has extended his heartfelt congratulations to Africa’s richest man, Alhaji Aliko Dangote, following his appointment to the World Bank’s Private Sector Investment Lab.

This global advisory group was created to help increase private investment and generate more jobs in developing countries.

In a statement released on Wednesday by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, Tinubu said Dangote’s appointment is well-deserved. He praised Dangote’s strong business experience and his major contributions to job creation in Nigeria and across Africa.

President Tinubu described Dangote as a true example of African entrepreneurship. He noted that Dangote built the Dangote Group into one of Africa’s biggest business empires through hard work, innovation, and constant investment.

“Dangote’s selection is timely and fitting,” Tinubu stated. “His leadership and investments have created thousands of jobs, and the Dangote Group’s success shows what is possible when the private sector takes bold steps.”

The President also highlighted Dangote’s ambitious business projects, especially the $20 billion Dangote Petroleum Refinery in Lagos, which is considered Africa’s largest private sector project.

“This refinery and petrochemicals plant is a powerful example of what African investors can achieve. It’s not just a Nigerian project, it has the potential to transform energy access across the continent,” Tinubu said.

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Apart from the refinery, the Dangote Group operates in several key industries including cement, salt, sugar, fertiliser, and oil and gas. Tinubu noted that these ventures play a major role in Nigeria’s economy.

Tinubu encouraged Dangote to use his new role at the World Bank to share his knowledge and experience with other developing countries. He urged him to help these nations attract investment and develop large-scale projects that can improve lives and reduce poverty.

“This is a chance to make a global impact,” the President said. “Dangote’s practical ideas and business knowledge can help the World Bank promote real change in emerging markets.”

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