FG Commits To Growth As Coca-Cola Announces $1Bn Investment aimed at increasing Nigerian revenue by ninety billion dollars ($90bn) yearly.
The federal government has reiterated its commitment to creating a robust financial system and a business-friendly environment that will attract more foreign direct investments.
This was disclosed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
Photo Credit: Nigeria Bottling Company (NBC)
Mr Bayo Ononuga noted that President Bola Tinubu committed as the Coca-Cola Company announced plans to accelerate its investments in Nigeria to 1 billion dollars over the next five years.
The announcement was made during a meeting between the President and the global leadership team of Coca-Cola, led by its President and Chief Financial Officer, John Murphy, along with the Chairman of Nigerian Bottling Company, Segun Apata.
Murphy, presenting an overview of Coca-Cola’s business in Nigeria, stated that the company generates 320 billion naira annually through nearly 300,000 customers and contributes close to 90 billion naira in revenue to the Nigerian government.
Coca-Cola plans $1bn investment for Nigeria over five years (punchng.com)
FG Commits To Growth As Coca-Cola Announces $1Bn Investment