Africa’s richest person, Aliko Dangote, has projected that Dangote Group is on track to generate $30 billion in total revenue next year, despite concerns over potential global trade disruptions caused by U.S. President Donald Trump’s tariffs.
The billionaire disclosed during a venture capital conference in Lagos on Thursday 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.