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Beverage industry corporate milestones in Nigeria

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-09-28 07:33 UTC → 2026-10-02 01:25 UTC · added removed

The Nigerian Bottling Company (NBC), a member of the Coca-Cola HBC Group, celebrated 75 years of operations in Nigeria. During a gala in Abuja, the company reaffirmed a commitment to invest up to $1 billion in the country over the next five years, noting that such investment is contingent upon a predictable policy environment. An economic impact study A Socio-Economic Impact Assessment by consultancy Steward Redqueen reported found that the Coca-Cola system generated system—comprising Coca-Cola Nigeria Limited and its authorized bottler, NBC—generated approximately $1 billion in value-added economic activity across its Nigerian value chain in 2024, supporting more than 160,000 jobs. 2024. This supported roughly 160,200 jobs, including 2,989 direct employees and over 157,200 indirect roles. The report highlighted a multiplier effect where every direct job supported 53 additional jobs elsewhere in the economy. Furthermore, the company also sourced spends approximately $601 million in annually on goods and services from Nigerian suppliers during that period. To mark local suppliers. On environmental initiatives, NBC was awarded the milestone, Coca-Cola released a special anthem featuring Nigerian artist Johnny Drille and ‘Best Sustainability Project of the Year’ at the 2024 Industry Awards. This followed the commissioning of a 75-member choir. The musical project uses elements like Hausa rap, percussion, Packaging Collection Hub in Apapa, Lagos, which can process 13,000 metric tonnes of PET plastic annually and choral arrangements is expected to reflect local culture and the brand’s history since 1951, aiming support approximately 1,000 informal waste collectors. This project aligns with NBC’s goal to evoke nostalgia collect and communal connection. recycle 100% of its packaging by 2030. In a broader industry context, Nigeria’s food, beverage, and tobacco industry led the manufacturing sector in 2025, attracting N375.03bn in fresh investment—a 63.5 per cent increase from 2024. investment. Major contributors to this sector include Nestlé Nigeria, BUA Foods, Dangote Sugar, and Unilever Nigeria. Total manufacturing investment for 2025 reached N1.33tn, with the Lagos-Ogun corridor remaining the dominant industrial hub, accounting for 87.32 per cent of total industrial investment between 2024 and 2025. Additionally, Nigerian Breweries Plc is marking its 80th anniversary with its ‘Together, Every Moment’ campaign.

Versions

  1. 2026-10-02 01:25 UTC Beverage industry corporate milestones in Nigeria
  2. 2026-09-28 07:33 UTC Beverage industry corporate milestones in Nigeria
  3. 2026-09-26 17:52 UTC Beverage industry corporate milestones in Nigeria
  4. 2026-09-21 11:09 UTC Beverage industry corporate milestones in Nigeria

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