Africa’s richest man and Nigerian industrialist, Aliko Dangote, has expressed deep appreciation following his recent appointment to the World Bank’s Private Sector Investment Advisory Council. The appointment, announced earlier this week, places Dangote among a select group of global business leaders tasked with advising the World Bank on strategies to enhance private sector participation in global development.
In a statement released by the Dangote Group on Thursday, Dangote described the appointment as “a great honour” and an opportunity to contribute meaningfully to sustainable economic growth, particularly in emerging economies like Nigeria.
“I’m deeply honoured by this recognition,” Dangote stated. “This appointment is not only a personal privilege but also a recognition of Africa’s growing role in shaping the global economic landscape. I look forward to sharing insights that will help bridge the gap between private sector innovation and development financing.”
The World Bank’s Private Sector Investment Advisory Council plays a key role in advising the institution on policies and initiatives that encourage investment in sectors critical to development, including infrastructure, agriculture, health, and clean energy. The inclusion of Dangote underscores his influence and credibility as a business leader with a proven track record of large-scale investments across the continent.
Reacting to the news, President Bola Tinubu congratulated Dangote and described his appointment as “a win for Nigeria and Africa at large.” In a brief statement, Tinubu expressed confidence that Dangote would bring his expertise to bear in shaping inclusive, business-friendly policies at the global level.
Industry analysts have also praised the appointment, noting that Dangote’s involvement in various developmental projects, such as the Dangote Refinery, cement factories across Africa, and philanthropic initiatives in health and education, align well with the goals of the World Bank.
Dangote’s appointment is seen as a strategic move to strengthen collaboration between multilateral financial institutions and the African private sector, especially at a time when global economies are navigating the complex challenges of inflation, energy transition, and post-pandemic recovery.
As he prepares to begin work with the council, Dangote reaffirmed his commitment to championing policies that foster inclusive growth, reduce poverty, and empower local businesses to thrive on the world stage.
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