Coca-Cola targets fresh $1bn Nigeria investment over five years

 

The Coca-Cola System in Nigeria has announced plans to “invest an additional $1bn in Nigeria over the next five years,” contingent on a predictable and enabling policy environment.

This was contained in a release shared with PUNCH Online on Saturday.

According to the release, the announcement followed a new socio-economic assessment of the Coca-Cola System in Nigeria conducted by global consultancy, Steward Redqueen, in 2024.

The study examined the economic contributions of the Coca-Cola System, comprising Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company, using the Nobel Prize-winning Leontief input-output economic model.

Coca-Cola System supported 160,200 jobs in one year

According to the release, the “Coca-Cola System supported approximately 160,200 jobs throughout its value chain, with 2,989 direct employees and more than 157,200 additional jobs sustained indirectly across sectors such as agriculture, logistics, retail, hospitality and distribution.”