Skip to main content Skip to footer 
President Bola Tinubu reaffirmed his administration’s dedication to fostering a business-friendly economy and a robust financial system that would attract more foreign investments. His remarks came on Thursday in Abuja as Coca-Cola announced plans to invest $1 billion in Nigeria over the next five years.
The announcement was made during a meeting between the President and top executives of Coca-Cola, including Zoran Bogdanovic, CEO of Coca-Cola Hellenic Bottling Company, and John Murphy, President of Coca-Cola Company.
Commending Coca-Cola’s long-standing partnership with Nigeria, President Tinubu emphasized the importance of private sector investments in the country’s economic growth. “We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses,” he stated, adding that the government is committed to building a financial system where investors can “repatriate all your dividends.”
He further praised Coca-Cola for its contributions to job creation and community initiatives, noting the company employs over 3,000 people across nine production facilities in Nigeria.
John Murphy shared insights into Coca-Cola’s operations in Nigeria, revealing the company generates N320 billion annually through nearly 300,000 customers, contributing N90 billion in revenue to the Nigerian government. He emphasized Coca-Cola’s commitment to sustainability and community support.
Zoran Bogdanovic expressed confidence in Nigeria’s policies, announcing Coca-Cola’s pledge to invest an additional $1 billion by 2028. “We believe Nigeria’s potential is tremendous, and we are committed to working with the government to realize this potential,” he said.
