Coco-Cola has invested at least 1 billion Euros in the last 10 years to support the expansion of production capacity, building of modern warehouses, investment in eco-friendly logistics and the creation of jobs for young Nigerians across the value chain.
Zoran Bogdanovic, CEO, Coca-Cola made this known while donating €1 million funds at a stakeholder reception during his visit to Lagos, Nigeria.
According to Bogdanovic, the €1 million funds would be deployed to support four key initiatives including the Federal Government’s journey towards achieving Open Defecation Free (ODF) by 2025; upskilling underserved youths and women in high-demand skills; and community recycling initiatives.
He said the donation underlines the company’s commitment to improving the lives of members of its host communities.
“Through this support, among other ongoing sustainability initiatives, we hope to help drive growth for the Nigerian economy and enable better living conditions for local communities.
The donation will be directed towards empowering youth and women and the provision of water and sanitary facilities.”
According to Bogdanovic, partners
have been selected based on a rigorous due diligence process and their track record, as well as their ability to deliver value and make an impact in the communities.
He added that the remaining three partners will be announced soon.
Aside from lifting the living standards of communities in Nigeria, through locally relevant initiatives, Coca-Cola has provided over 58,000 jobs annually in the value chain in the country.
He said the company has scaled its gender diversity and inclusion targets, youth and women empowerment, water stewardship, and its broader agenda for a World Without Waste.
On the company’s legacy in Nigeria, Bogdanovic said: “Our roots are in Nigeria and its spirit still runs right through our business today – that’s why we have been a proud contributor to the growth of the Nigerian Economy throughout our history.