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Dangote Gets World Bank Appointment, Tasked to Drive Investment, Job Creations in Emerging Economies

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The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.

In 2023, Mark Carney, the Prime Minister of Canada, co-chaired the Private Sector Investment Lab, which focused on attracting £1 trillion in sustainable investment to support the energy transition in emerging markets.

In a statement confirming his acceptance, Dangote 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,” the African industrialist 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.”

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 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.

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 after the 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.

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Personality in Focus

NOMA Celebrates Access Bank’s Olakunle Aderinokun at 55

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By NOMA

The Nigerian Online Media Alliance (NOMA) has celebrated Mr. Olakunle Aderinokun on his 55th birthday, describing him as a distinguished strategic communications expert and media professional whose nearly three-decade career continues to shape Nigeria’s communications and business landscape.

In a statement by Theresa Moses, Chairperson, NOMA highlighted Aderinokun’s current role as Head, Media and Public Relations at Access Holdings Plc, where he leads group-wide media strategy, executive communications, crisis management, and corporate reputation positioning across local and international markets.

The Alliance noted that his ability to align corporate narratives with business strategy, stakeholder expectations, and regulatory realities has strengthened institutional credibility and public trust.

Aderinokun’s career reflects a unique blend of journalism, financial services, and corporate leadership. He spent 24 years at THISDAY Newspapers, rising to the position of Group Business Editor and Associate Editor, where he played a significant role in shaping Nigeria’s business journalism ecosystem. He later served as Editor, Business at ARISE News Channel, further consolidating his reputation for editorial excellence and impactful storytelling.

Throughout his journalism career, he covered critical sectors including banking, capital markets, energy, aviation, and macroeconomics, engaging directly with top policymakers, regulators, and corporate leaders. His extensive international exposure includes participation in global platforms such as the IMF-World Bank Meetings, African Development Bank Meetings, TICAD in Japan, the Nigeria-China Business Forum, Africa Oil Week in Cape Town, and Vaasa Energy Week in Finland.

Beyond journalism, Aderinokun brings strong financial and investment expertise, having worked with United Bank for Africa (UBA) and Wall Street Trust Company (now WSTC Financial Services), where he handled equity analysis, market research, and investment advisory. This foundation, NOMA noted, has enabled him to effectively bridge financial performance with strategic communication outcomes.

An entrepreneur, he founded Pure Synergy Ltd in 2013, a firm focused on reputation management and strategic communications, and later served as CEO of Excite Enterprise Ltd, an online business solutions platform.

In the public sector space, Aderinokun served as Media Adviser to Senator Tokunbo Abiru in 2020, where he led media strategy and publicity for the Lagos East Senatorial campaign, contributing to its successful outcome.

Academically, he holds a Bachelor’s degree in Mathematics (Pure and Applied) from the University of Ilorin and an MBA from the University of Lagos, complemented by executive education at Lagos Business School and professional training with the World Bank Institute, NIPR, and Standard Bank Group, South Africa. He also holds multiple professional certifications across public relations, banking, marketing, and digital communications.

NOMA described him as a quintessential, multifaceted professional whose career embodies excellence, innovation, and leadership.

“Olakunle Aderinokun represents the very best of strategic communication and media practice in Nigeria. His journey is not only inspiring but also instructive for the next generation of professionals navigating the evolving media and corporate landscape,” the statement read.

As he marks his 55th birthday, NOMA commended his enduring contributions and wished him continued success, good health, and greater accomplishments in the years ahead.

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Personality in Focus

Ogunsan Celebrates IGP Olatunji Disu on 60th Birthday

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The Executive Secretary/CEO of the Lagos State Security Trust Fund (LSSTF), Dr. Ayodele Ogunsan, has congratulated the Inspector-General of Police, IGP Olatunji Rilwan Disu, on the occasion of his birthday, commending his visionary leadership and reform-driven approach to policing in Nigeria.

In his birthday remarks, Dr. Ogunsan described the IGP as a “distinguished officer whose career has consistently reflected professionalism, courage, and a deep commitment to public safety.”

He noted that since assuming office as the 23rd Inspector-General of Police early this Year 2026, Disu has demonstrated a clear resolve to reposition the Nigeria Police Force towards greater efficiency and public trust.

Dr. Ogunsan particularly praised the IGP’s emphasis on intelligence-led policing, a strategy aimed at enhancing proactive crime detection and prevention, as well as his push for the integration of digital tools and forensic capabilities into police operations. These reforms, he said, signal a shift towards modern, accountable, and citizen-focused policing.

He further highlighted Disu’s decisive steps to strengthen the state policing agenda and officers’ welfare. He praised him for the effective policing model through the restructuring and reduction of tactical units, a move designed to address concerns over excesses while redeploying personnel to police divisions for improved community-level security.

The LSSTF boss also acknowledged the IGP’s consistent advocacy for discipline, integrity, and professionalism within the Force, noting that such values are critical to restoring public confidence and enhancing institutional credibility.

Reflecting on his track record, Dr. Ogunsan recalled Disu’s impactful leadership roles across key commands, including the Rivers State and the Federal Capital Territory Commands, where he contributed significantly to crime control and intelligence-driven operations.

His tenure as the Commander of the Rapid Response Squad in Lagos is a testament to his operational excellence and urban crime management.

Ogunsan wished the IGP good health, wisdom, and continued success in his efforts to build a more secure Nigeria. “On this special occasion, we celebrate not only a remarkable leader but a reformer whose vision continues to inspire confidence in the security architecture of our nation,” Ogunsan said.

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Terrorists Kill Nigerian Brigadier-General – AFP Report

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Terrorists in northeast Nigeria killed a brigadier general in an assault on a military base, a local government chairman told AFP on Thursday, the second killing of a high-ranking officer in five months.

Africa’s most populous country has been fighting a terrorist insurgency for 17 years, since Boko Haram’s 2009 uprising, which has seen the emergence of powerful splinter groups, including Islamic State West Africa Province.

In an overnight attack, unidentified terrorists killed at least 18 soldiers and torched vehicles at a base in Benisheikh, about 75 kilometres from Borno state capital Maiduguri, an intelligence source told AFP.

“Unfortunately, the brigade commander, Brigadier General O.O. Braimah, lost his life,” Kaga Local Government Chairman Zannah Lawan Ajimi told AFP in a phone interview.

Two intelligence sources confirmed Braimah’s death to AFP.

His death follows the killing of Brigadier General Musa Uba by ISWAP in November. He was the highest-ranking military official to die in the long-running conflict since 2021.

“They overran the brigade,” one of the intelligence sources said, giving the death toll as “at least” 18.

The second intelligence source said that “the terrorists killed several troops” and “burnt vehicles and buildings before they withdrew,” without giving a toll.

The army and Nigeria’s Defence Headquarters did not immediately respond to a request for comment.

– Rising terrorist violence –

Researchers have warned of an uptick of violence since 2025.

Borno capital Maiduguri has seen two suicide bombings since December — the type of bloody, urban attacks reminiscent of the insurgency’s peak a decade ago.

On Wednesday, the US State Department said in a notice it was authorising “non-emergency US government employees” to leave Abuja “due to the deteriorating security situation”.

While the insurgency is concentrated in the northeastern countryside, terrorists from Nigeria and the neighbouring Sahel have made inroads western Nigeria, where organised crime gangs known as “bandits” have been raiding villages and extorting farmers and artisanal miners for years.

Gunmen killed at least 90 people across several remote villages in northwest Nigeria this week, according to an AFP tally of tolls given by local and humanitarian sources.

Among the attacks was an assault in Kebbi state that police blamed a local terrorist group known as Mahmuda, which is affiliated with Al-Qaeda.

Kebbi sits on Nigeria’s border with Benin and Niger and since 2025 has been targeted by a rising number of terrorist attacks.

Conflict monitor ACLED says there has been a surge in violence in the area carried out by militants affiliated with Al-Qaeda and the Islamic State group.

In nearby Kwara state, in October, fighters from the Al-Qaeda-affiliated JNIM claimed an attack after years of researchers warning that the terrorist conflict ravaging the Sahel risked spreading south towards coastal West African states.

In December, the United States, with Nigerian assistance, bombed northwest Sokoto state, targeting Islamic State Sahel Province fighters usually found in neighbouring Niger, along with Mali and Burkina Faso.

AFP

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