NBC marks 75 years, eyes stronger local growth

The Nigerian Bottling Company Ltd, a subsidiary of the Coca-Cola HBC Group, celebrated its 75th anniversary in Nigeria with a gala event held at the Bola Ahmed Tinubu International Conference Centre in Abuja. The company highlighted its investments in manufacturing and local supply chains, marking a journey that began in Lagos 75 years ago.

At the event, Secretary to the Government of the Federation, Senator George Akume, delivered remarks on behalf of President Bola Tinubu, stating that the company's 75 years of existence had produced significant growth and that it looked forward to the next chapter, which promises more investment, stronger industries, better jobs, and greater opportunities for Nigerians.

NBC has expanded from its first production run in Ebute Metta in 1951 to eight plants, 11 depots, and 52 commercial territories, contributing to the development of local supply chains and jobs. Anastassis David, Chairman of Coca-Cola HBC, emphasized the belief in Nigeria's importance and the potential for long-term investment. A recent economic impact study by Steward Redqueen reported that the Coca-Cola system contributed approximately $1 billion in value-added economic activity across its value chain in Nigeria in 2024, supporting over 160,000 jobs and sourcing nearly $601 million worth of goods and services from local suppliers.

Managing Director of Nigerian Bottling Company, Goran Sladic, expressed pride in the company's role in creating opportunities and developing people, stating that the company aims to build on its legacy and continue creating value in the future. Coca-Cola HBC's CEO, Zoran Bogdanovic, reaffirmed the Group's commitment to Nigeria, promising up to $1 billion in investments over five years, subject to a favorable business environment.

The Coca-Cola HBC Foundation committed $1.25 million to support young Nigerian entrepreneurs in the hospitality and food service sector. Additionally, The Coca-Cola Foundation committed $1.25 million to advance more sustainable water solutions in Nigeria. The Coca-Cola system's CEO, Henrique Braun, highlighted the company's commitment to working with bottling partners to create value for the communities they serve, particularly in expanding access to safe water in Lagos and Abuja.