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Coca-Cola System Generates $1bn Economic Value, Sustains 160,200 Jobs Across Nigeria
Coca-Cola System Generates $1bn Economic Value, Sustains 160,200 Jobs Across Nigeria
Coca-Cola System supported 160,200 jobs in Nigeria in 2024, including more than 157,200 indirect jobs across its value chain.
The system generated about $1bn in economic value and spent $601m on goods and services sourced from local suppliers.
Coca-Cola plans an additional $1bn investment in Nigeria over the next five years, subject to a predictable and enabling policy environment.
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October 02, () – The Coca-Cola System in Nigeria supported about 160,200 jobs across the country in 2024 and generated an estimated $1bn in value-added economic activity, according to a Socio-Economic Impact Assessment conducted by global consultancy Steward Redqueen.
The assessment examined the economic contribution of the Coca-Cola System, comprising Coca-Cola Nigeria Limited and its authorised bottler, Nigerian Bottling Company, using the Leontief input-output economic model.
According to the report, the system supported about 160,200 jobs across its value chain, comprising 2,989 direct employees and more than 157,200 indirect jobs sustained across sectors including agriculture, logistics, retail, hospitality and distribution.
The study found that every job created directly by the Coca-Cola System supported an additional 53 jobs elsewhere in the economy, highlighting the wider employment impact of its operations and supply chains.
The report also disclosed that the company spent about $601m annually on goods and services sourced from local suppliers.
It said a significant proportion of the ingredients, packaging materials and other production inputs used by the system were sourced, produced and distributed locally.
According to the assessment, local sourcing has deepened the Coca-Cola System’s integration into Nigeria’s agricultural, manufacturing and logistics sectors while creating opportunities for businesses and individuals across the country.
Investment in recycling, water projects
Representation of recycling Photo credit Sales plastic
The report also highlighted the company’s investments in waste management and water stewardship.
It pointed to the launch of a packaging collection hub in Apapa, Lagos, capable of processing 13,000 metric tonnes of PET plastic annually and expected to support about 1,000 informal waste collectors.
The facility is designed to strengthen Nigeria’s recycling ecosystem by improving plastic recovery while supporting livelihoods linked to waste collection and recycling.
On water sustainability, the assessment highlighted a $25m Africa-wide water stewardship initiative covering 20 markets, including Nigeria.
The report said communities in Borno and Imo states had benefited from projects including borehole rehabilitation, sanitation infrastructure and riverbank restoration, with more than 2.6 million people reportedly impacted.
The assessment said the Coca-Cola System’s contribution extended beyond beverage production to job creation, local sourcing, environmental sustainability and community development.
It added that continued alignment between global expertise and local ambitions would be important to expanding the system’s economic impact, strengthening supply chains and creating broader opportunities for Nigerians.
The findings come as the Coca-Cola System continues to expand its investment footprint in Nigeria.
The company had earlier announced plans to invest an additional $1bn in the country over the next five years, subject to the availability of a predictable and enabling policy environment.