Coca-Cola System generates $1bn economic value in Nigeria

The Coca-Cola System in Nigeria, comprising Coca-Cola Nigeria Limited and its authorized bottler, the Nigerian Bottling Company (NBC), has demonstrated significant economic and environmental impact in the country.

A Socio-Economic Impact Assessment by consultancy Steward Redqueen found that the system generated approximately $1 billion in value-added economic activity in 2024. The operations supported roughly 160,200 jobs, including 2,989 direct employees and over 157,200 indirect roles across sectors such as agriculture, logistics, and retail. The report noted a multiplier effect where every direct job supported 53 additional jobs elsewhere in the economy. Additionally, the company spends about $601 million annually on goods and services from local suppliers.

On the environmental front, NBC was awarded the ‘Best Sustainability Project of the Year’ at the 2024 Industry Awards. This recognition follows the commissioning of a Packaging Collection Hub in Apapa, Lagos. The facility is capable of processing 13,000 metric tonnes of PET plastic annually and is expected to support approximately 1,000 informal waste collectors. This initiative is part of NBC’s goal to collect and recycle 100% of its packaging by 2030.