Dangote Reiterates $30 Billion Revenue Target Despite US Tariff

Aliko DangotePhotographer: Victor J. Blue/Bloomberg
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Aliko Dangote, Africa’s richest person, said his group is on track to generate total revenue of $30 billion next year, even as companies fret over the potential impact of US President Donald Trump’s tariffs.

The chief executive officer of Dangote Industries Ltd. said his businesses, which include a giant 650,000 barrels-a-day oil refinery in Lagos, Nigeria’s commercial hub, will add at least $5 billion of revenue in 2026 from $25 billion this year.