Dangote Group is set to generate $30 billion in total revenue in 2026, despite concerns over potential global trade disruptions caused by U.S. President Donald Trump’s tariffs.
Aliko Dangote, the founder and CEO of Dangote Group made this projection during a venture capital conference held recently in Lagos. He revealed that his vast conglomerate, which includes a 650,000 barrels-a-day oil refinery in Lagos, is projected to add $5 billion in revenue in 2026, bringing total earnings to $30 billion, up from $25 billion in 2025.
While many global companies are grappling with the effects of Trump’s aggressive tariff policies, Dangote Petroleum Refinery has remained unaffected, as the U.S. excluded oil and gas exports from its tariff adjustments.
Additionally, Dangote Fertilizer, which exports urea to the U.S., stands to benefit from a 16% difference in levies between Nigeria and its competitor Algeria.
His words, “I was worried about the U.S. tariff because 37% of our urea goes to the U.S. Luckily for us, Algeria was slapped with 30% tariffs.”
Dangote also shared his ambitious plan to become the leading cement exporter in Africa by 2026, surpassing Egypt.
Explaining further the Billionaire said, “We are at about 53 million tons in production capacity today. By next year, we will be at 62 million tons of cement. We will be number one.”
As Dangote Industries expands its reach across multiple sectors, its total asset valuation has climbed to $27.5 billion, according to the Bloomberg Billionaires Index.
Despite Dangote’s growth projections, Nigeria faces heightened trade risks as potential shifts in U.S. trade policies could impact its access to American markets.
A recent report by Strategy& (the strategy consulting arm of PwC) highlights Nigeria’s economic vulnerability, particularly under the African Growth and Opportunity Act (AGOA), a trade program that allows duty-free exports from eligible sub-Saharan African nations to the U.S.
The report, titled ‘Global Economic Policy Changes and Implications for Nigeria’, warns that modifications to AGOA or broader tariff policies under the Trump administration could restrict Nigeria’s export capabilities.