Dangote Projects $30 Billion Revenue Amid U.S. Tariffs

Nigerian billionaire Aliko Dangote has expressed comfort with the Trump-era 14% U.S. import tariff on Nigerian urea, noting it provides his company a competitive edge since Algeria, a major rival, faces a higher 30% tariff. Initially concerned about the impact on Dangote Fertiliser's exports—37% of which go to the U.S.—Dangote now sees the policy as beneficial for Nigerian exports in the American market. The Dangote Fertiliser Plant, one of the world's largest, also exports to Brazil, India, and Mexico. Dangote anticipates the Dangote Group's revenues to grow from a projected $25 billion in 2025 to over $30 billion in 2026, bolstered by its fertilizer and recently launched oil refinery operations. Analysts note that the U.S. tariff regime could strengthen Nigeria's position as a fertilizer export hub relative to competitors like Algeria. Dangote's diversified industrial portfolio continues to drive significant economic growth for Nigeria.