Coca-Cola System in Nigeria Creates $1B Economic Impact
The Coca-Cola System in Nigeria, which includes Coca-Cola Nigeria Limited and its authorized bottler, Nigerian Bottling Company, generated an estimated $1 billion in value-added economic activity in 2024. This information comes from a Socio-Economic Impact Assessment conducted by global consultancy Steward Redqueen.
The assessment utilized the Leontief input-output economic model to evaluate the economic contributions of the Coca-Cola System. It reported that the system supported about 160,200 jobs across its value chain, which includes 2,989 direct employees and over 157,200 indirect jobs across various sectors such as agriculture, logistics, retail, hospitality, and distribution.
The study also indicated that for every job created directly by the Coca-Cola System, an additional 53 jobs were supported indirectly.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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