The Coca-Cola system in Nigeria introduced the outcomes of a complete socio-economic affect research, performed by international consulting agency Steward Redqueen, following its Coca-Cola’s seventy fifth Anniversary Gala celebrated just lately in Abuja.
The unbiased research highlighted the dimensions of the Coca-Cola system’s contribution to Nigeria’s financial system, employment, and communities.
According to the research, the Coca-Cola system in Nigeria – comprising The Coca-Cola Company and its licensed bottler, Nigerian Bottling Company– alongside a broad community of native suppliers, distributors, and retailers, contributed $1 billion in value-added financial exercise in 2024.
“Across its value chain, the Coca-Cola system supported over 160,000 jobs, including nearly 3,000 direct jobs within the system and an additional 157,200 jobs supported through suppliers, partners, and customers,” the research stated.
It indicated that for each direct job created by the system, 53 extra jobs had been supported across Nigeria’s financial system.
The research additionally highlighted the Coca-Cola system’s sturdy native integration, with $601 million price of products and companies sourced from suppliers in Nigeria in 2024.
“This local procurement supports industries as diverse as sugar production, packaging, transportation, and marketing, reinforcing Coca-Cola’s system role as a partner for growth in Nigeria’s economic development,” an announcement by the agency stated.
The Coca-Cola system has strengthened its footprint in Nigeria by means of sustained funding and innovation, together with the opening of a brand new packaging assortment hub in Apapa, Lagos consistent with its sustainability agenda.
The facility is a key a part of Nigeria’s plastic recycling infrastructure and might course of as much as 13,000 metric tonnes of plastic bottles yearly. The initiative goals to cut back plastic waste by gathering, sorting, and recycling PET plastics.
It additionally helps native communities by creating jobs.
According to the assertion, the Coca-Cola system’s contribution extends past financial affect.
“Nigeria is one of the beneficiaries of the Africa Water Stewardship Initiative, a nearly $25 million investment through 2030 to help address critical water-related challenges in local communities in 20 African markets, including Nigeria,” it stated.
The research performed by Steward Redqueen measured the direct, oblique, and induced financial impacts of the Coca-Cola system in Nigeria, combining firm operational knowledge with trusted third-party financial sources.
The evaluation demonstrated how Coca-Cola’s native operations ripple across the financial system – from farmers rising sugarcane to retailers promoting drinks – creating jobs, producing earnings, and constructing alternatives.
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