Nigeria’s billionaire industrialist and President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab.
With the appointment, Dangote has joined a select group of global business leaders tasked with driving investment and job creation in emerging economies.
The World Bank announced the decision on Wednesday, April 23, 2025, explaining that the appointment is part of a broader expansion of the investment lab, which is entering a new phase focused on scaling up solutions to attract private capital and create jobs across developing countries.
Other members of the elite group include Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, chair of Bharti Enterprises; and Mark Hoplamazian, president and CEO of Hyatt Hotels Corporation.
Dangote, who confirmed his acceptance in a statement on Thursday, reiterated his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing markets.
“I am both honoured and excited to accept my appointment to the World Bank’s Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” he said.
“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”
Source: Pulse Nigeria