Tinubu Welcomes Coca-Cola's $1 Billion Investment in Nigeria

President Bola Ahmed Tinubu welcomed the Coca-Cola System’s proposed $1 billion investment in Nigeria, assuring investors that the country is open for business. This announcement was made on Monday in Abuja at the 75th anniversary celebration of the Nigerian Bottling Company Limited (NBC), where Tinubu was represented by the Secretary to the Government of the Federation, Senator George Akume.

Tinubu stated that the Federal Government is implementing reforms under the Renewed Hope Agenda to enhance Nigeria’s business environment. He identified key factors influencing investment decisions, including reliable power, infrastructure, and a supportive tax system.

The President noted that Coca-Cola's commitment follows a previous investment of $1.5 billion over the last decade, reflecting confidence in Nigeria's economy. He stressed that the government is interested not only in the capital invested but also in its impact on job creation, skills development, and local sourcing.

Tinubu urged international businesses to view Nigeria as a place for production and local talent development.