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World Bank Appoints Dangote to Private Sector Investment Lab

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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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Sowore ‘Slumps’ Amid Police Teargas During Abuja Protest

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There was panic on Friday after human rights activist, Omoyele Sowore, collapsed following a confrontation with the police during a Democracy Day protest at the Unity Fountain in Abuja.

Reports said that Sowore collapsed after police operatives moved to disperse protesters gathered to demonstrate against insecurity, economic hardship and bad governance.

The demonstrators were dispersed after security personnel fired teargas canisters at the protesters in an apparent attempt to break up the gathering.

Following the incident, Sowore has reportedly been taken to an undisclosed hospital for further examination and treatment.

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Global Stage, Local Heart: Davido Champions Justice for Kidnapped Oyo Schoolchildren at FIFA Concert

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By Shakirat Akintola

He may be selling out arenas worldwide and headlining some of the biggest global stages, but Afrobeats megastar Davido proved this week that his heart remains firmly with the people of Nigeria.

On Wednesday night, during his highly anticipated performance at the official FIFA World Cup Countdown Concert in Los Angeles, the “Unavailable” crooner turned a massive moment of global celebration into a powerful, intentional act of advocacy.

Walking onto the Crypto.com Arena stage, the international icon chose not to wear high-end luxury fashion, but rather a custom black leather jacket designed to honor the 39 schoolchildren and seven teachers violently abducted from the Oriire Local Government Area of Oyo State.
A Global Icon Who Refuses to Forget His Roots

For an artist operating at Davido’s level, navigating massive global brands like FIFA usually comes with strict, highly sanitized corporate boundaries. Yet, the singer intentionally used his massive platform to ensure that the tragedy unfolding back home would not be swept under the rug by international media.

Backstage and throughout his high-energy performance of hits like “Fall,” the singer made sure his wardrobe spoke volumes. The front of his jacket was adorned with green circular buttons, each bearing the individual name of a student or teacher taken from the Ahoro-Esinele community in May.

In a heartbreaking and meticulously planned detail, the names of those still held in captivity were written in white, while the names of the victims who have tragically already died during the ordeal were highlighted in stark red. Across the back of the jacket, the message was clear and unmissable to the millions watching worldwide: “BRING THEM HOME.”

“We Represent Everywhere We Go”
Speaking moments before he climbed the stage alongside international electronic group Major Lazer, Davido was visibly carrying the weight of the situation, showing that his global success hasn’t detached him from the realities facing everyday Nigerians.

“Peace and love everywhere. May God be with the families of the abducted and the ones who have been killed,” Davido said in an emotional backstage address. “They still haven’t been rescued, we’re praying to God every day. We’re also praying to God that the government hastens… My country is going through a lot. We represent everywhere we go.”

This isn’t a passive, one-off gesture for the singer. Despite a grueling international schedule ahead of the 2026 World Cup—where he is prominently featured on the tournament’s official soundtrack album—Davido has consistently used his massive social media presence to demand immediate, decisive action from both federal and state authorities.

Amplifying the Cry for Help

By bringing the Oriire local tragedy to one of the premier entertainment capitals of the world, Davido has forcefully inserted Nigeria’s security challenges into the global conversation.

Back home, the crisis remains critical. The ongoing hostage situation has already sparked a total shutdown of public schools in Oyo State, with the Nigeria Union of Teachers (NUT) declaring an indefinite strike until their colleagues and students are safely returned.

In a landscape where international superstars are often criticized for becoming disconnected from local struggles, Davido’s bold FIFA showcase serves as a stark reminder of what true cultural ambassadorship looks like. He didn’t just perform for the world; he made the world look at the faces and names of the people who need them most.

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Statement on the State of the Nation by Some Concerned Nigerians

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We are a group of concerned Nigerians, alarmed at increasing threats to the Nigerian Nation and desirous of sharing our concerns with fellow citizens.

Our assessment of the state of the Nation reveals that Nigeria stands at a dangerous crossroads where rising insecurity, an alarming level of electoral manipulation by government, and the weakening of democratic institutions are converging into a national crisis that threatens the country’s survival.

Nigeria faces a grave threat to its foundational constitutional principle of the separation of powers. Checks and balances between the branches of government have been imperilled.

The legislative branch has been placed under near total control of the executive branch. The judiciary appears to have lost both its independence and its integrity. There are no checks on the powers of the executive who now govern as they please without accountability or respect for the people’s concerns.

Institutions have been compromised, weakened, and subordinated to the interests of the executive arm of government. This erosion of institutional independence has fuelled public distrust to its highest level in our history creating a crisis of political exclusion and impunity that is pushing violent extremism, organized crime, and communal conflict to a tipping point.

To reverse this trajectory, Nigeria must urgently recommit to democratic accountability, judicial independence, and institutional reforms that strengthen the rule of law. The electoral processes must be transparent, credible, and insulated from executive interference.

The crisis in Nigeria cannot be separated from the broader instability engulfing the Sahel region. The spread of terrorism, arms trafficking, unconstitutional changes of government, and porous borders across countries such as Mali, Burkina Faso, and Niger continue to intensify insecurity in Nigeria and the wider Lake Chad Basin. The collapse of regional cooperation and democratic governance in parts of the Sahel further emboldens armed groups, weakens state authority, and undermines civilian protection across West Africa.

Regional security cooperation between Nigeria and Sahelian states should be revitalized by establishing strong bilateral and multilateral platforms for intelligence sharing, border governance, and community-based peacebuilding initiatives.

Equally important is investing in youth employment, education, social protection, and local conflict resolution mechanisms to address the root causes of radicalization and insecurity.

Recommendations

1. Government should as a matter of urgency recognise that insecurity in the Sahel fuels the Nigerian crisis and that rapprochement between AES (Alliance of Sahel States) and ECOWAS is an important element in Nigeria’s national interest.

2. Government should immediately appoint a high-level Special Envoy for the Sahel to begin the urgent task of rebuilding trust between Nigeria, the AES and ECOWAS while revamping regional mechanisms for peace and security.

3. Civil society organisations should actively sensitize citizens and strengthen public demand for accountability. Nigerians must be bold and courageous in protecting civic rights and resisting the current climate of restricting civic space.

4. We call on the Private Sector as critical stakeholders in the nation-state agenda to continue to support and demand accountability in governance and the promotion of the rule of law as the basic premise of economic progress and nation building. Professional bodies and associations must rise to the challenge of building a broad national consensus to oppose tyranny and ensure maintenance of checks and balances in governance and the protection of the rule of law.

5. We call on our traditional leaders and members of the clergy to rise to the full weight of their moral and civic authority to promote peaceful co-existence, solidarity, and inter-faith dialogue to arrest the current slide to criminality and civil disorder.

6. Given the clear and consistent indications of the lack of neutrality and competence of INEC, professional bodies such as the Nigerian Bar Association, Unions, and other civic groups must set up mechanism of engaging the electoral body to ensure that the 2027 elections are free, fair and credible.

7. The Judiciary must address the perception of its complicity to stall democratic processes. It must remain independent and uphold the rule of law. As a matter of urgency, the Nigerian Bar Association must call its members to order for professional conduct and strengthen its monitoring on the judiciary, it must stay alert and patriotic and ensure political actors play by the rule. The National Judicial Council must set up a framework for holding judges accountable for decisions they take in the context of electoral process.

DATED AT ABUJA, NIGERIA 8th JUNE 2026

1. Dr. Husseini Abdu
2. Amb. Fatima Balla OON
3. Dr. Usman Bugaje
4. Prof. Ibrahim Gambari, CON
5. Dr. Yahaya Hashim
6. Prof. Jibrin Ibrahim
7. Prof. Attahiru Muhammadu Jega OFR
8. Prof. Mohammed Kuna
9. Abubakar Balarabe Mahmoud, SAN, OON
10. Mal Kabiru Yusuf

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