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Coca-Cola System Contributes $1 Billion to Nigerian Economy in 2024

A socioeconomic impact assessment by Steward Redqueen reveals that the Coca-Cola System in Nigeria—comprising The Coca-Cola Company and the Nigerian Bottling Company—generated $1 billion in economic activity within the country in 2024. The study highlights a significant multiplier effect, with the system supporting approximately 160,200 jobs across retail, agriculture, and manufacturing, representing 53 indirect jobs for every direct hire. Additionally, the company sourced $601 million in goods and services locally. Looking forward, the Coca-Cola System has committed to investing another $1 billion in Nigeria over the next five years, contingent upon a stable business environment.

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