Coca-Cola Hellenic Bottling Company plans to invest an additional $1 billion in Nigeria over the next five years to capture growth in the country’s beverage market.
This was announced during a meeting between President Bola Tinubu and Coca-Cola executives, who outlined plans for innovation, distribution expansion, and manufacturing capacity upgrades. Since 2013, Coca-Cola has invested $1.5 billion in Nigeria, creating over 3,000 jobs.
President Tinubu praised the company’s commitment, emphasizing private-sector partnerships as key to Nigeria's economic development.
However, concerns remain over Nigeria's business environment, with some multinationals exiting the market.
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