Aliko Dangote, president of the Dangote Group, expressed optimism Thursday about the impact of U.S. President Donald Trump’s tariffs on the company’s urea exports, citing a competitive advantage over rivals.

Speaking to reporters, Dangote noted that Algeria, a key competitor, faces steeper duties, potentially boosting Dangote’s market share in the U.S.

The Nigerian conglomerate, a leading cement producer, is also poised for significant growth.

Dangote projected the group’s valuation to surpass $30 billion in 2026, up from an estimated $25 billion in 2025.

The comments follow Trump’s recent imposition of a 14% tariff on Nigerian imports last month, as part of widespread trade measures.

The move, which sparked concern across several sectors, was later paused for 90 days, offering temporary relief and time for diplomatic negotiations.

At the investment conference in Lagos, Aliko Dangote revealed that Dangote Fertiliser, which began commercial operations in 2022, exported 37% of its 3 million metric tonnes of urea to the United States.

He admitted initial concern about the impact of former President Trump’s tariff policies on Nigerian exports, including crude oil, but noted that urea shipments to the U.S. have been successful despite those earlier worries.

“But when I checked who we are really competing with, we are competing with Algeria. So luckily for us, Algeria was slapped with 30 per cent,” said Dangote. So it actually makes us a bit comfortable.”

Dangote said he expected revenues from Dangote Group to grow to more than $30 billion next year.