Dangote Group Targets $30 Billion Revenue Amid US Tariff Concerns

Aliko Dangote, Africa’s richest person, projects that the Dangote Group will reach $30 billion in annual revenue next year, up from $25 billion this year, despite concerns over U.S. President Donald Trump's new tariffs. Dangote’s conglomerate, which includes a major oil refinery in Lagos, benefits from U.S. tariffs sparing oil and gas exports, allowing continued American sales. In the fertilizer sector, Dangote stands to gain a competitive edge because Nigeria’s urea exports face a 14% tariff, while main competitor Algeria is subject to a 30% levy, making Dangote’s products more attractive in the U.S. market. Dangote noted that about 37% of his group's urea production is shipped to the U.S., and he expects the company to become Africa’s top cement exporter next year, surpassing Egypt. While Dangote’s outlook is optimistic, analysts highlight that Nigeria remains vulnerable to future shifts in U.S. trade policy. The Dangote Group’s growing international reach is underpinned by diversified operations across cement, fertilizer, oil, and other sectors.