Lagos, July 14, 2024 – Aliko Dangote, the Chief Executive of Dangote Group, says the group anticipates $30 billion revenue by 2025.
He said the group planned to make hard currency revenue to account for 90% of its total revenue.
Dangote disclosed this to journalists who were on media tour of his refinery in Lagos on Sunday.
He also said the group was targeting to become the largest foreign exchange earner in the country.
“What we are trying to do is to totally get ourselves out of the demand of foreign exchange from the Central Bank of Nigeria (CBN) and be the biggest supplier of foreign exchange in the foreign exchange market.
“So, 75% of our revenue used to come from our cement business and 80% of our EDITDA is from Nigeria and 90% of the revenue comes from various local currencies which is a high risk.”
Dangote said the group also planned to shift its revenue composition in the cement business from the current 75% to 15% in the future. (GBN)
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