The Coca-Cola System in Nigeria has announced plans to invest $1 billion in the country over the next five years. This significant investment will be made in various value chain areas, including suppliers, distributors, retailers, and recyclers.
The announcement was made following a meeting between the Coca-Cola System delegation and President Bola Tinubu at the State House in Nigeria. The delegation included international Coca-Cola System representatives, such as John Murphy, Zoran Bogdanovic, Henrique Braun, Luisa Ortega, and Naya Kalogeraki.
The investment underscores Coca-Cola’s continued confidence in the Nigerian market and its promising economic prospects. It builds upon the company’s long-standing involvement in Nigerian communities, with Coca-Cola Hellenic Bottling Company (NBC) investing $1.5 billion in the country over the past decade.
President Tinubu commended Coca-Cola for its partnership with Nigeria and its contribution to job creation and economic development. He emphasized the government’s commitment to creating a business-friendly environment for investors.
Coca-Cola’s investment is expected to have a positive impact on the socio-economic development of Nigeria. The company has a history of investing in community programs, such as youth empowerment, clean water supply, and plastics waste management.
The announcement marks a significant milestone for the Coca-Cola System in Nigeria and reaffirms its commitment to the country’s growth and prosperity.
