RismadarVoice Reporters, April 21, 2026
Africa’s richest industrialist, Aliko Dangote, has called for stronger investment in infrastructure projects that generate employment and drive industrial growth across the continent.
Dangote, President and Chief Executive of the Dangote Group, made the remarks during high-level engagements with global financial leaders on the sidelines of the 2026 Spring Meetings of the International Monetary Fund and the World Bank in Washington, D.C.
According to a statement from the Dangote Group, the meetings were part of ongoing efforts to attract investment and strengthen strategic partnerships in Nigeria’s energy and industrial sectors.
Speaking at the World Bank’s “Water Forward” event, Dangote stressed that infrastructure development particularly in water and energy remains critical to economic transformation, job creation, and long-term resilience in developing economies.
He highlighted the need for greater private sector participation, noting that sustainable water systems can serve as a foundation for industrial expansion and inclusive growth.
“Africa’s future growth will depend largely on our ability to invest in infrastructure that supports industries, creates jobs, and improves productivity,” Dangote said.
He added that active involvement of the private sector in key sectors such as water and energy would accelerate sustainable development and economic inclusion across the continent.
During the engagements, Dangote also held discussions with World Bank President Ajay Banga, focusing on ways to boost capital inflows into Africa’s industrial sector.
He emphasized that rapid industrialisation is essential for economic diversification and reducing vulnerability to global economic shocks. Dangote further outlined his company’s Vision 2030 strategy, which aims to significantly expand operations across its refinery, fertiliser, and petrochemical businesses, targeting annual revenues of $100 billion.
He said the plan reflects the Group’s long-term commitment to advancing Africa-led industrialisation and fostering sustainable economic development across the continent.
