The Coca-Cola system in Nigeria contributes an estimated $1 billion to the country’s economy and supports more than 160,000 jobs across its value chain, according to a new socio-economic impact study by global consulting firm Steward Redqueen.
The findings highlight the company’s economic footprint beyond beverage production, with its activities contributing to employment and business operations across different parts of Nigeria’s economy.
The study was announced following the Coca-Cola system’s 75th anniversary gala, which was recently held in Abuja. Brandspur Brand News reports that the independent assessment examined the system’s contribution to Nigeria’s economy, employment and communities.
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The figures point to the scale of economic activity linked to the Coca-Cola system in Nigeria, including the jobs supported across its value chain. However, the information provided on the study did not specify how the estimated $1 billion contribution was distributed across sectors or how the more than 160,000 jobs were categorised.
The announcement comes as businesses operating in Nigeria face pressure to demonstrate their wider economic value amid concerns about employment, operating costs and the sustainability of local business activities.
For workers, suppliers and other businesses connected to the company’s operations, the reported employment impact highlights the importance of value chains in supporting livelihoods beyond a company’s direct workforce.
The study provides an independent assessment of the Coca-Cola system’s economic contribution, although further details on its methodology, the breakdown of its findings and the specific industries covered would help clarify the full extent of that impact.
