The US Embassy in Nigeria disclosed the development in a social media post, highlighting the role of American companies in driving bilateral trade and economic growth. According to the Embassy, Coca-Cola has already invested $1.5 billion in Nigeria over the past decade, and the new investment is expected to expand production capacity, strengthen supply chains, and enhance workforce training across the country.
“US–Nigeria bilateral trade has been a powerful engine for economic growth, job creation and generational partnerships,” the Embassy stated. “One standout contributor to this partnership is The Coca-Cola Company, which has invested an impressive $1.5 billion in Nigeria over the last decade, with plans for an additional $1 billion investment in the pipeline.”
The fresh investment is aimed at boosting production, improving supply chain resilience, and supporting workforce development nationwide. This move underscores continued confidence by US multinationals in Nigeria’s long-term economic prospects, despite broader global economic uncertainties.
Coca-Cola’s operations in Nigeria are carried out through the Coca-Cola System, which includes Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company (NBC). The system has been a major contributor to Nigeria’s manufacturing, logistics, and retail value chains for decades.
The Embassy noted that Coca-Cola has operated in Nigeria for 75 years, with company executives previously describing the country as a strategic market within the firm’s African operations. Coca-Cola Hellenic Bottling Company, which manages NBC, has repeatedly stated that Nigeria remains central to its long-term growth strategy due to its large population and expanding consumer base.
This latest investment signals a renewed commitment by Coca-Cola to deepen its footprint in Nigeria and support ongoing economic development through job creation and industrial expansion.