Nigeria, April 24 -- The World Bank Group on Wednesday announced the launch of the next phase of its Private Sector Investment Lab, focused on implementing proven solutions at scale.

The bank also announced the inclusion of billionaire businessman and industrialist, Aliko Dangote, into the investment lab.

Mr Dangote owns the Dangote Petroleum Refinery, the largest oil refinery in Africa, with a capacity of 650,000 barrels per day (BPD). Located in Lekki, Nigeria, the refinery aims to meet Nigeria's demand for refined products and potentially export surplus across the continent and beyond.

The world bank said the new chapter also expands the Lab's membership to include industry leaders with experience generating jobs in developing econo...