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•Reprocessed 13,000 metric tonnes of used PET plastic bottles
By Izunna Nkwachukwu
A new socio-economic impact assessment has revealed that the Coca-Cola System in Nigeria supported approximately 160,000 jobs across the country in 2024 while generating $1 billion in value-added economic activity.
The study, conducted by global consultancy firm, Steward Redqueen, which used the Leontief input-output model, examined the contributions of Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company.
Of the total jobs supported, 2,989 were direct employees of the system. The remaining more than 157,200 positions were sustained indirectly across agriculture, logistics, retail, hospitality, distribution and related sectors. For every direct job created, an additional 53 jobs were supported elsewhere in the economy.
The report also found that the Coca-Cola System spent about $601 million annually on goods and services sourced from local suppliers. A significant share of ingredients, packaging materials and other production inputs are produced and distributed within Nigeria, deepening the company’s integration into the country’s agricultural, manufacturing and logistics sectors.
Sustainability initiatives formed another pillar of the assessment. A packaging collection hub launched in Apapa, Lagos, can process 13,000 metric tonnes of PET plastic annually and is expected to support about 1,000 informal waste collectors. A $25 million Africa-wide water stewardship programme covering 20 markets, including Nigeria, has already delivered borehole rehabilitation, sanitation infrastructure and riverbank restoration in Borno and Imo states, benefiting more than 2.6 million people.
The assessment concluded that the Coca-Cola System’s impact extends well beyond beverage production to job creation, local procurement, environmental sustainability and community development. The company had previously announced plans to invest an additional $1 billion in Nigeria over the next five years, subject to a predictable and enabling policy environment.
