Firm Contributes $1bn, Supports 160,000 Jobs In Nigeria – Report

The Coca-Cola system in Nigeria contributed $1 billion in value-added economic activity and supported over 160,000 jobs in 2024, according to a socio-economic impact report released in October 2026.

The report, conducted by Steward Redqueen measured the system’s direct, indirect and induced economic impacts across its value chain comprising The Coca-Cola Company and its authorized bottler, Nigerian Bottling Company (NBC).

According to the findings, the $1 billion contribution covers operations across suppliers, distributors and retailers. The system purchased $601 million worth of goods and services from suppliers in Nigeria in 2024, supporting industries such as sugar production, packaging, transportation and marketing.

On employment, the report stated that the system accounted for nearly 3,000 direct jobs within its operations and an additional 157,200 jobs supported through suppliers, partners and customers, bringing the total to over 160,000 jobs.

The jobs were spread across retail, agriculture, manufacturing, transport and services sectors, with the report noting that for every direct job created by the system, 53 more jobs were supported across Nigeria’s economy.

The report also highlighted the system’s investments including a packaging collection hub in Apapa, Lagos, capable of processing up to 13,000 metric tonnes of plastic bottles annually for collection, sorting and recycling as part of its sustainability agenda.

It added that Nigeria is one of the beneficiaries of the Africa Water Stewardship Initiative, a nearly $25 million investment through 2030 to address water-related challenges in 20 African markets.

The methodology combined company operational data with third-party economic sources to trace impacts from farming to retail distribution.