{
  "id": 11317426,
  "title": "‘Coca-Cola System generates $1bn economic value in Nigeria’",
  "url": "https://urgent.news/2026/10/02/coca-cola-system-generates-1bn-economic-value-in-nigeria",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T00:44:52.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/coca-cola-system-generates-1bn-economic-value-in-nigeria/"
  },
  "original_language": "en",
  "account": "In 2024, the Coca-Cola System in Nigeria supported approximately 160,200 jobs, according to a Socio-Economic Impact Assessment conducted by Steward Redqueen. The assessment, which utilized the Leontief input-output economic model, revealed that for every direct job created by the company, an additional 53 jobs were supported throughout the economy, showcasing the multiplier effect of the Coca-Cola System's operations and supply chain. The report estimated that the Coca-Cola System generated $1 billion in value-added economic activity within Nigeria during the period under review.\n\nThe System, comprising Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company, employed 2,989 individuals directly and indirectly sustained over 157,200 jobs across sectors such as agriculture, logistics, retail, hospitality, and distribution. Local procurement played a significant role in the Coca-Cola System's operations, with the company spending about $601 million annually on goods and services sourced from local suppliers. This approach has enabled the company to integrate deeply into Nigeria's agricultural, manufacturing, and logistics sectors while creating economic opportunities for businesses and individuals nationwide.\n\nThe assessment also highlighted the company's investments in waste management and water stewardship. Notably, a packaging collection hub was launched in Apapa, Lagos, capable of processing 13,000 metric tonnes of PET plastic annually, expected to support around 1,000 informal waste collectors. In terms of water sustainability, the report mentioned a $25 million Africa-wide water stewardship initiative covering 20 markets, including Nigeria. These initiatives have positively impacted communities in Borno and Imo states, with over 2.6 million people reportedly benefiting from projects such as borehole rehabilitation, sanitation infrastructure, and riverbank restoration.",
  "summary": "The Coca-Cola System in Nigeria supported about 160,200 jobs across the country in 2024, according to a Socio-Economic Impact Assessment conducted by global consultancy Steward Redqueen. Beyond employment, the report estimated that the Coca-Cola System generated $1bn in value-added economic activity within Nigeria during the period under review. The recent study examined the economic…",
  "key_points": [
    "Coca-Cola System in Nigeria generated $1 billion economic value in 2024",
    "Supported 160,200 jobs, including 2,989 direct positions",
    "Invested $601 million annually in local procurement and sustainability initiatives"
  ],
  "editors_take": "The Coca-Cola System's operations in Nigeria have created substantial economic ripple effects, integrating deeply into local sectors and supporting a large jobs multiplier effect through its supply chain and procurement practices.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "‘Coca-Cola System generates $1bn economic value in Nigeria’",
        "url": "https://urgent.news/2026/10/02/coca-cola-system-generates-1bn-economic-value-in-nigeria-11322356",
        "published": "2026-10-02T01:12:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}