Aliko Dangote Joins World Bank Advisory Board, Calls Appointment a “Great Honour”
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Africa’s richest man, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Advisory Board, a move celebrated across Nigeria, Africa, and the global business community. Reacting to the announcement, Dangote described the appointment as a “great honour” and pledged to work toward driving inclusive growth and infrastructure development across emerging economies.
“I accept this responsibility with a deep sense of duty, not just for Nigeria or Africa, but for billions across the developing world who deserve economic opportunity and growth,” he said.
The World Bank’s new advisory board, created by President Ajay Banga, aims to strengthen private sector involvement in global development efforts. Dangote was chosen for his proven track record in scaling businesses across Africa, notably through the Dangote Group, which operates in cement, sugar, fertilizer, and oil refining sectors.
Dangote’s inauguration of the $19 billion Dangote Refinery in Lagos the largest in Africa highlighted his ability to deliver transformational projects that reduce Africa’s dependency on imports and create local jobs. The World Bank praised his experience as “invaluable” for shaping strategies that attract private investment into infrastructure and sustainable industries.
Leaders across Africa have applauded the appointment. Nigeria’s Minister of Industry, Trade and Investment, Doris Aniete, called it a proud moment, while African Union Chairperson Moussa Faki Mahamat hailed it as a major continental achievement. Business peers, including Zimbabwean billionaire Strive Masiyiwa, also offered congratulations.
Civil society groups welcomed the news but urged Dangote to advocate for policies that prioritize fair labor practices, environmental responsibility, and support for small businesses.
In his new role, Dangote will help guide World Bank efforts to unlock private capital, promote sustainable industrialization, support SMEs, and drive economic growth, particularly in developing regions.
“We must work together governments, businesses, and global institutions to make prosperity real for the next generation,” Dangote said.
His appointment reflects Africa’s rising influence in global economic decision-making and strengthens hopes for a future where African expertise shapes solutions for global development challenges.
