• About
  • Advertise
  • Contact
Saturday, June 28, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

World Bank Appoints Aliko Dangote To Private Sector Investment Lab

.…tasks him to drive investment and job creations in emerging economies

Vital News by Vital News
April 24, 2025
in Economy, News
0
World Bank Appoints Aliko Dangote To Private Sector Investment Lab
Share on FacebookShare on Twitter

The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab.

By this appointment, Dangote is joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.

In a statement confirming his acceptance, the African industrialist reaffirmed 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.

“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies.

RelatedStories

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

Kogi Trains 2,310 Youths On CNG Conversion Technology

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

“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,” Dangote said.

The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent.

With interests spanning cement, fertiliser, salt, sugar, and oil, the Group employs over 30,000 people and is the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined.

It is also the country’s largest employer of labour after the Federal Government.

The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.

In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.

The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.
Joining Dangote in the elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.

The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened focus on job creation as a central pillar of global development.

“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga.

“This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate,” the World Bank Chief further stated

The global bank said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.

The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.

The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group.

The Lab is chaired by Shriti Vadera, Chair of Prudential Plc.
(vitalnewsngr.com)

Tags: bankDangoteInvestmentlabworld
Previous Post

Descendants Of Ogboja Adeyemi Alowolodu Ruling House Pay Royal Visit To Alafin Owoade

Next Post

Summit University Secures Full ICAN Accreditation For Accounting Programme

Vital News

Vital News

RelatedStories

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion
Economy

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

June 27, 2025
President Tinubu Jets Out On State Visit To Saint Lucia, Brazil
National

President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

June 27, 2025
Kogi Trains 2,310 Youths On CNG Conversion Technology
News

Kogi Trains 2,310 Youths On CNG Conversion Technology

June 27, 2025
Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX
Business

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

June 26, 2025
GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity
News

Guild Of Interfaith Media Practitioners Congratulates Muslims On New Hijrah Year

June 26, 2025
Next Post
Summit University Secures Full ICAN Accreditation For Accounting Programme

Summit University Secures Full ICAN Accreditation For Accounting Programme

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Violations : Tribunal Upholds FCCPC’s $220mln Fine Against Meta/Whatsapp

Violations : Tribunal Upholds FCCPC’s $220mln Fine Against Meta/Whatsapp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

2024 US Presidential Race : VP Kamala Harris Raises $1billion In Three Months

2024 US Presidential Race : VP Kamala Harris Raises $1billion In Three Months

9 months ago
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor

See Easter As Moment For Sober Reflection On Values Of Sacrifice, Love, Unity, Renewal – Gov. Ododo

2 months ago
Fashola Flags off N90bln Akure – Ado-Ekiti Road Reconstruction Works

Fashola Flags off N90bln Akure – Ado-Ekiti Road Reconstruction Works

2 years ago

Buhari signs new Health Insurance scheme bill into law

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu Women
No Result
View All Result

Highlights

Ganduje Quits As APC’s National Chairman, Cites Health Reason

NJC Orders Compulsory Retirement Of 10 Imo Judges Over Age Falsification

Kogi Trains 2,310 Youths On CNG Conversion Technology

Kogi Establishes Special Court To Handle Cases Of Energy Theft, Vandalism

4 Arrested With Pistol, Cutlass, Charms In NANS Branded Vehicle In Osun

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

Trending

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion
Economy

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

by Vital News
June 27, 2025
0

Governor Dapo Abiodun of Ogun State has congratulated President Bola Tinubu on signing the tax reform bills...

President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

June 27, 2025
APC Appoints Alhaji Dalori As Acting National Chairman

APC Appoints Alhaji Dalori As Acting National Chairman

June 27, 2025
Ganduje Quits As APC’s National Chairman, Cites Health Reason

Ganduje Quits As APC’s National Chairman, Cites Health Reason

June 27, 2025
Gender Equity In Judiciary : Lagos, Kano Lead In Female Judge Appointments

NJC Orders Compulsory Retirement Of 10 Imo Judges Over Age Falsification

June 27, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians June 27, 2025
  • President Tinubu Jets Out On State Visit To Saint Lucia, Brazil June 27, 2025
  • APC Appoints Alhaji Dalori As Acting National Chairman June 27, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In