Trump’s tariffs no threat to urea exports, says Dangote

• Published On: 02 May 2025 at 12:09

Aliko Dangote, head of the Dangote Group, voiced confidence Thursday in the impact of US head Donald Trump's tariffs on the company's urea shipments, citing a competitive advantage over rivals.

Speaking to reporters, Dangote stated that Algeria, a significant competitor, risks higher duties, which might improve Dangote's market share in the United States.


The Nigerian conglomerate, a major cement producer, is also poised for significant expansion.

Dangote forecast that the group's valuation will exceed $30 billion in 2026, up from an expected $25 billion in 2025.

The comments come after Trump imposed a 14% tariff on Nigerian imports last month as part of broader trade measures.

The move, which raised anxiety across multiple industries, was later postponed for 90 days, providing temporary reprieve and allowing for diplomatic negotiations.

At the investment conference in Lagos, Aliko Dangote revealed that Dangote Fertiliser, which will begin commercial operations in 2022, shipped 37% of its 3 million metric tonnes of urea to the US.

He acknowledged initial concerns about the impact of former President Trump's tariff measures on Nigerian exports, notably crude oil, but stated that urea shipments to the United States have been successful despite such concerns.

"However, when I looked into who we really compete with, I discovered that we compete with Algeria. So, fortunately for us, Algeria was hit with 30%," Dangote added. So it makes us feel a little better."

Dangote predicted that Dangote Group's revenues would exceed $30 billion by next year.