President Bola Tinubu has extended his congratulations to Alhaji Aliko Dangote, Africa’s wealthiest individual, following his appointment to the World Bank’s Private Sector Investment Lab, an initiative aimed at fostering investment and job creation in emerging markets.

The World Bank made the announcement on Wednesday as part of an expansion of its Private Sector Investment Lab. The lab’s mission is to attract private capital and generate job opportunities in developing countries. Dangote, along with other prominent business leaders like Bill Anderson (CEO of Bayer AG), Sunil Bharti Mittal (Chair of Bharti Enterprises), and Mark Hoplamazian (President and CEO of Hyatt Hotels Corporation), will play a key role in advancing this mission.

In his congratulatory message, President Tinubu highlighted Dangote’s extensive private sector experience, strategic investments, and the significant job opportunities created through the Dangote Group. "Alhaji Dangote has transformed his business into one of Africa's leading conglomerates. His innovation and ability to create opportunities will greatly benefit the World Bank’s mission," said Tinubu.

The Dangote Group, which spans industries such as cement, fertilizer, salt, sugar, oil, and gas, has become a cornerstone of Africa’s economy. The $20 billion Dangote Petroleum Refinery and Petrochemicals project is Africa’s most ambitious project and the largest single private investment on the continent.

Tinubu also urged Dangote to bring his transformative ideas to the World Bank’s Private Sector Investment Lab, ensuring impactful contributions to emerging markets globally. "Dangote’s vast experience will undoubtedly drive the lab’s efforts to generate sustainable job opportunities in developing economies," he added.

The expanded membership of the Private Sector Investment Lab now brings together business leaders with proven success in creating jobs in developing regions. With a focus on scaling up solutions to attract private capital, the lab aims to further its efforts in job creation, which is central to the World Bank’s development agenda.

Dangote’s appointment reflects his global stature and commitment to driving economic growth through entrepreneurial ventures. His work at the World Bank is expected to make a significant impact on economic stability and development in emerging markets worldwide.