African business magnate Aliko Dangote has revealed that the Dangote Group is targeting US$100 billion in revenue by 2030.
In a recent interview sighted by GhanaWeb, Dangote said the ambitious target reflects the group’s long-term vision built on industrial expansion, diversification, and strategic investment across Africa and beyond.
“My next vision for the Dangote Group is to be a $100 billion-revenue company by 2030… I’m sure we’ll be able to achieve that,” he said.
He added that for that to happen, and for other young entrepreneurs to succeed, resilience, focus and determination are essential.
“Do what you know best and stay committed. Life is not easy; things don’t come easily. But if you are determined, you will succeed,” he advised young entrepreneurs in Africa and Asia.
Nigeria’s Dangote plans to expand own oil refinery to world’s largest
The billionaire pointed to recent successes by his companies to illustrate his point.
“That’s why we were able to deliver the first largest single-train refinery, which we just commissioned a year ago. And you can see we’re doubling in the midst of all these uncertainties,” he said.
For the first nine months of 2025, Dangote Cement reported a revenue of approximately $2.17 billion.
This represents a 23.2% increase compared to the same period in 2024.
The revenue growth was driven primarily by a 25.85% increase in the average selling price of cement, even though sales volumes experienced a slight drop of 2%.
