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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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Happy 65th Birthday to Chief Dele Momodu; a Helper, a Mentor and a Great Nigerian

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By Issa Itopa Lucky

I have encountered a lot of people from all walks of life but one person that has so greatly impacted many from across many generations is Chief Dele Momodu, the Publisher of Ovation Magazine.

Chief Dele Momodu is a blessing to many generations of Nigerians. He is also a hero of Nigeria’s democracy. He is a philanthropist and a helper of many.

He does not discriminate. He gives everyone who encounters him, a sense of value hence giving each person the understanding that we are all important regardless of our various individual social statuses and different socio-cultural backgrounds in life.

He is an international export in terms of advocacy for good governance. His footprints are in Ghana’s democratic process over the years as much as they are in Nigeria as well.

All over the world, he is greatly celebrated as he is one of the few Nigerians promoting the good qualities of the Naija spirit for decades now.

His work rate is a record on its own and it is an inspiration to many upcoming generations as he is everywhere making impacts across all sectors of the economy.

On this 65th birthday of his, as one of those young people that have been privileged to be mentored by him, I wish him a happy birthday and I pray that God Almighty will continue to guide and protect him and to continue to increase him and prosper him as he is one of the few good men Nigeria has left; for with people like Chief Dele Momodu, there is still hope that Nigeria will be great someday in our lifetime. Amen.

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Osun PDP Hails Gov Adeleke on 65th Birthday

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The Osun State chapter of the Peoples Democratic Party (PDP) has felicitated with the governor, Senator Ademola Adeleke, as he celebrates his 65th birthday.

In a statement signed by the party’s chairman, Hon Sunday Bisi, the party described the governor as man committed to people’s well-being while wishing him a happy birthday, and praying God to bless him with more strength, wisdom, and good health.

The statement in full:

The ruling Peoples Democratic Party in Osun State, heartily felicitates with our dynamic, people-loving Governor, His Excellency, Senator Ademola Jackson Nurudeen Adeleke, on the joyous occasion of his 65th birthday.

Today, we join the good people of Osun State, associates and well-wishers across Nigeria and beyond to celebrate a quintessential leader, whose passion, humility, and commitment to the wellbeing of the masses have become his pathway for progressive governance.

Your Excellency, under your visionary and compassionate leadership, Osun State has witnessed a remarkable transformation. From infrastructural rejuvenation to civil service reform, from youth empowerment to agricultural revitalization, your administration has continued to deliver dividends of democracy with transparency and accountability. You have not only restored dignity to governance in Osun State but have also rekindled the confidence of the people in the essence of good governance and democratic ideals.

Our dear leader sir, we commend your infectious energy, open-door policy, and dedication to grassroots development. Your simplicity, accessibility, and hands-on approach to governance reflect the very premise of the PDP as a people-first service platform, basically for the common good of the people.

Your exemplary efforts in building bridges across political and religious divides further stand you out as a unifying figure and a statesman of repute.

Today, we celebrate not just your birthday, but the enduring values you represent; integrity, empathy, and resilience.

As a party, we remain proud of your achievements and we are absolutely confident in your continued ability to steer the ship of Osun State toward greater heights.

On this special day, we pray that Almighty God continues to bless you with strength, wisdom, and good health. May your days be long, your reign be prosperous, and your legacy be eternal.

Happy birthday sir, the People’s Governor, consistent joy giver and a great emblem of good governance.

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Glo Foundation Celebrates Lagos Sanitation Workers

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Sweepers across Lagos State on Saturday took time off the streets to be celebrated by Glo Foundation, the social responsibility arm of Globacom. It partnered their employers, Lagos State Waste Management Authority (LAWMA) to host a special day to celebrate those who keep the streets of the state clean.

Hundreds of sweepers from all local governments and LCDAs in the state participated in the event, which was held at LAWMA’s Ijora Olopa Head Office in Lagos. Thanks to Globacom, the sweepers, who are often overlooked by society despite their demanding responsibilities, became the event’s main attraction as they danced and took part in a number of entertaining activities, such as games and prize draws.

Speaking at the event, Jumobi Mofe-Damijo, the head of Corporate Social Responsibility at Globacom, said that the organization had chosen to honour the cleaners with a Rest and Relaxation event as a way of showing appreciation for the vital work they do every day, which often puts their lives in danger on the state’s highways. She added that the Glo Foundation’s efforts would also expand to other states in various forms of intervention.

Said she: “We recognize the important and thankless jobs that you do all over the state in ensuring that our roads and streets are clean every day. We recognize the hazards you face from drivers who don’t appreciate you and are at times impatient while you are by the roadside sweeping. It is the reason why we are here today to let you know how much we value you and your huge contributions to keeping Lagos clean on a continuous basis”.

She also disclosed that empowerment and skills acquisition programmes would be held for the sweepers in the following months. They include Fashion Skills (Fashion Design, jewelry making, Fabric Embellishment & Beading); Baking skills: (Basic cake and decoration, Fried and baked pastry, Bread making, soft skills and Entrepreneurship class); Digital Skills (Digital marketing, social media management, and e-commerce).

LAWMA’s Managing Director, Dr. Muyiwa Gbadegesin, was full of admiration for Globacom’s offer to create a day to honor sweepers around the state. He also said the agency is pleased with the telecommunications company’s partnerships which he believed would encourage and motivate the sweepers to do even more.

He urged other corporate entities to follow Globacom’s example and reaffirmed the significance of the sweepers’ work in promoting the health and welfare of the populace.

Some of the sweepers thanked Globacom and the LAWMA Management for the chance to relax with their coworkers and for Glo’s exceptional gesture of appreciation to them. Lagos-born Rejoice Aniekwe Ifeoma revealed that working with LAWMA has given her the chance to better herself and establish a second source of income to support herself. Ifeoma, who is presently undergoing computer literacy training, stated that she spends her leisure time selling Tigernut and Zobo beverages. She was grateful to Globacom for providing this chance for leisure.

Another sweeper, Awolaja Esther, an Ikorodu resident, revealed that she has been employed by LAWMA for almost 15 years, using the position to establish an additional revenue stream in Ikorodu. She is training two undergraduates at the moment. She commended Globacom for organizing a day to honor and recognize her and her coworkers.

As part of the fun and excitement created exclusively for the sweepers, Globacom also held a lucky dip to give out various items including sewing machine, Inverter Microwave oven and grinding machine to some of the sweepers.

Madam Dorcas Adeniji, a resident of Oshodi in Lagos, won the grinding machine. She could hardly contain her joy as she danced after receiving the item. Mrs Adewusi Bisola, who resides in Alakuko in Agbado Oke Odo LCDA, won an Inverter Microwave oven. Her friends almost mobbed her when she came out to receive her prize. Another winner, Ige Sadatu, who won a sewing machine, thanked Globacom for the gift she was taking home.

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