The Coca-Cola System in Nigeria supported approximately 160,200 jobs across the country in 2024, according to a new socio-economic impact assessment conducted by global consultancy Steward Redqueen.
The report also estimated that the Coca-Cola System generated about $1 billion in value-added economic activity in Nigeria during the period under review.
The assessment examined the economic contribution of Coca-Cola Nigeria Limited and its authorised bottler, Nigerian Bottling Company, looking beyond direct employment to the wider network of businesses and workers connected to the company.
According to the report, only 2,989 of the jobs were direct employment positions, while more than 157,200 jobs were supported indirectly across sectors including agriculture, logistics, retail, hospitality and distribution.
The study estimated that every direct job created by the Coca-Cola System supported an additional 53 jobs elsewhere in the Nigerian economy.
The company also reportedly spent about $601 million annually on goods and services sourced from local suppliers, highlighting the role of local procurement in its operations.
The report said the company’s activities have created connections with Nigerian farmers, manufacturers, distributors, retailers and other businesses involved in its supply chain.
It also highlighted investments in environmental initiatives, including a packaging collection hub in Apapa, Lagos, capable of processing up to 13,000 metric tonnes of PET plastic annually.
Coca-Cola has previously announced plans to invest an additional $1 billion in Nigeria over five years, subject to the availability of a predictable and enabling business environment.
