Nigerian Bottling Company Drives Economic Growth in Nigeria
Nigerian Bottling Company (NBC) was established in Lagos in 1951 by Greek-Cypriot entrepreneur A.G. Leventis, with production starting in 1953.
Over its 75-year journey, NBC has evolved into a major player in Nigeria's beverage industry, contributing significantly to the economy. A 2025 economic impact assessment by Steward Redqueen revealed that the Coca-Cola System, which includes NBC, supported an estimated $1 billion in value added across its Nigerian value chain in 2024, representing 0.55 percent of Nigeria's GDP.
The assessment also indicated that 160,200 jobs were supported across the value chain, extending beyond NBC's 2,989 direct employees. In 2024, the Coca-Cola System spent $601 million on goods and services from Nigerian suppliers, with $482 million allocated to manufacturing-related sectors.
This local procurement fosters demand for local enterprises, creating a broader economic impact through job creation and supplier relationships.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
NBC Celebrates 75 Years, Commits $1.25M to Entrepreneurs
Tinubu Calls for Investment at NBC's 75th Anniversary
NBC Marks 75 Years in Nigeria with $2.5M Commitment
Coca-Cola System in Nigeria Generates $1bn Economic Impact
Coca-Cola Plans $1 Billion Investment in Nigeria
Nigerian Bottling Company Celebrates 75 Years of Growth
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
