Coca-Cola System in Nigeria Generates $1bn Economic Impact

The Coca-Cola system in Nigeria contributed $1 billion in value-added economic activity and supported over 160,000 jobs in 2024, as reported by Steward Redqueen in October 2026. The report measured the system’s direct, indirect, and induced economic impacts across its value chain, which includes The Coca-Cola Company and its authorized bottler, Nigerian Bottling Company (NBC).

The $1 billion contribution encompassed operations involving suppliers, distributors, and retailers. In 2024, the system purchased $601 million worth of goods and services from Nigerian suppliers, benefiting industries such as sugar production, packaging, transportation, and marketing.

The report indicated that the system created nearly 3,000 direct jobs and supported an additional 157,200 jobs through suppliers, partners, and customers, totaling over 160,000 jobs across various sectors. Additionally, the report mentioned the establishment of a packaging collection hub in Apapa, Lagos, aimed at processing up to 13,000 metric tonnes of plastic bottles annually for recycling, as part of Coca-Cola's sustainability agenda.