Coca-Cola plans US$1B Nigeria investment over 5 years, driven by packaging, logistics

NIGERIA – The Coca-Cola System in Nigeria has announced plans to invest an additional US$1 billion over the next five years, contingent on a predictable policy environment, following a socio-economic assessment that highlighted packaging and logistics as core value chain drivers.

The assessment identified sustainability-focused investments in waste management, pointing to the launch of a packaging collection hub in Apapa, Lagos, capable of processing 13,000 metric tonnes of PET plastic annually and expected to support about 1,000 informal waste collectors. 

According to the study, the facility is designed to strengthen Nigeria’s recycling ecosystem by improving plastic recovery and supporting livelihoods linked to waste collection and recycling activities. 

The hub also supplies recovered material back into beverage packaging supply chains, reducing reliance on imported virgin resin.

Local Procurement Reaches US$601 Million Annually

The company spent about US$601 million annually on goods and services sourced from local suppliers, reinforcing the role of domestic procurement in supporting economic growth.

The assessment noted that a significant proportion of ingredients, packaging materials and other production inputs used by the Coca-Cola System are sourced, produced and distributed locally. 

According to the study, this approach has enabled the company to deepen its integration into Nigeria’s agricultural, manufacturing and logistics sectors while extending economic opportunities to businesses and individuals across the country.

Value Chain Supports 160,200 Jobs Across Multiple Sectors

The Coca-Cola System supported approximately 160,200 jobs throughout its value chain, with 2,989 direct employees and more than 157,200 additional jobs sustained indirectly across sectors including agriculture, logistics, retail, hospitality and distribution. 

The study found that for every job created directly by the company, an additional 53 jobs were supported elsewhere in the economy. 

The report estimated the System generated US$1 billion in value-added economic activity within Nigeria during the review period.

Water Stewardship Initiative Covers 20 Markets

The report highlighted a US$25 million Africa-wide water stewardship initiative covering 20 markets, including Nigeria. 

Communities in Borno and Imo states have already benefited from projects such as borehole rehabilitation, sanitation infrastructure and riverbank restoration, with more than 2.6 million people reportedly impacted. 

The assessment was conducted by global consultancy Steward Redqueen in 2024 using the Leontief input-output economic model, examining contributions from Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company. 

The report concluded that the System’s continued alignment of global expertise with local ambition will be critical to scaling impact, strengthening supply chains and translating commercial presence into broader economic opportunities for Nigerians.

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