By; Calista Oyeoba posted / 25 April, 2025
Aliko Dangote, Africa’s richest man, who’s also Nigerian business mogul, founder and CEO of the Dangote Group, the largest multi-response conglomerate in West Africa has been appointed to the World Bank’s Private Sector Investment Laboratory (WBPSIL). The initiative aims to accelerate private investment and job creation in world economies.
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An excited Dangote, expressed his appreciation for the nomination, saying his commitment to unlock potentials in developing economies has been bolstered.
The billionaire described his selection as both an honor and a reflection of his long standing commitment to economic development through private enterprise initiatives that impacts people.
“I am honored and excited to be part of the World Bank’s private sector investments Lab, which aims to boost investment and employment in emerging economies”, said Aliko Dangote.
He referenced the success of the private sector-driven economic revolution of Asian countries which aptly became known as “‘Asian Tigers’, who achieved rapid growth through strategic investment, inspired me to drive similar outcomes globally”.
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The appointment was announced on Wednesday as part of the World Bank’s broader expansion of the lab, with a renewed focus on attracting private capital and creating jobs in developing countries.
NOTE: Calista is a Trainee-journalist who contributes regularly to DDNEWSONLINE.COM from the Department of Mass Communication, Ekocity Polytechnic, Lagos.