Coca-Cola has announced a $1 billion investment over the next five years.
This was revealed after a meeting between President Bola Tinubu and Coca-Cola’s global leadership team, including President and CFO John Murphy, and Nigerian Bottling Company Chairman, Ambassador Segun Apata.
Presidential Aide, Bayo Onanuga stated that President Tinubu reaffirmed his commitment to a robust financial system and a business-friendly environment to attract foreign investments.
Tinubu praised Coca-Cola for creating over 3,000 jobs across nine facilities and pledged the government’s dedication to fostering a business-friendly climate.
As John Murphy highlighted Coca-Cola’s annual generation of N320 billion and its contribution of nearly N90 billion in revenue to Nigeria, CEO Zoran Bogdanovic expressed confidence in Nigerian policies, which encouraged the $1 billion investment pledge, and praised Tinubu’s support for foreign investors.
