Coca-Cola Company has announced plans to invest an additional $1 billion in its Nigerian operations to boost production, strengthen supply chains, and develop workforce skills across the country.
This was revealed in a post on the social media handle of the US Mission in Nigeria, describing the investment as part of the US–Nigeria trade relations.
The bilateral partnership has been a key driver of economic growth and job creation.
Over the last decade, Coca-Cola has invested $1.5 billion in Nigeria and maintained a presence in the country for more than 75 years.
“With plans for an additional $1 billion investment in the pipeline, the American multinational is set to boost production, strengthen supply chains, and enhance workforce training across the nation.”
Coca-Cola began operations in Nigeria in 1951 and has since become a leading player in the local beverage industry.
Its operations are primarily managed through the Coca-Cola System, which includes Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company (NBC).
The company produces and distributes a wide range of beverages, serving millions of Nigerians daily. Its portfolio includes Coke, Fanta, Sprite, Schweppes, Eva Water, Monster, and Predator Energy, among others.
