{"id":52901,"date":"2021-10-08T16:36:20","date_gmt":"2021-10-08T15:36:20","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52901"},"modified":"2021-10-08T16:36:20","modified_gmt":"2021-10-08T15:36:20","slug":"coca-cola-unveils-n560b-investment-agenda-for-nigeria","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/coca-cola-unveils-n560b-investment-agenda-for-nigeria\/","title":{"rendered":"Coca-Cola Unveils N560b Investment Agenda For Nigeria"},"content":{"rendered":"

The management of the Coca-Cola System in Nigeria, comprising Nigerian Bottling\u00a0Company (NBC) and Coca-Cola Nigeria is to invest N560 billion in Nigeria within five years.<\/p>\n

Addressing Journalists on Thursday as part of activities to mark the company\u2019s 70th anniversary in Nigeria, Managing Director, NBC,\u00a0\u00a0Mr Mathieu Seguin, explained that from 2007 till date, the company had invested $1.7 billion in the country, for the expansion of production capacity, and building of modern warehouses.<\/p>\n

He explained that the investment included eco-friendly logistics and above all, the creation of jobs for teeming Nigerian youths across the value chain.<\/p>\n

According to him, in the last five years, Coca-Cola System supported the creation of 58,000 jobs along its value chain, aside from many other jobs it has outsourced.<\/p>\n

\u201dOver the next five years, we will be investing an additional N560 billion or $1 billion in our operations in Nigeria.<\/p>\n

\u201dWith the additional capital injection, we are set to expand the capacity of our manufacturing plants in other parts of the country, to mirror the scope of operations at our Ikeja plant.<\/p>\n

\u201dThis will ensure that all our product types and packaging options be within even closer reach to all our consumers nationwide,\u201d he said.<\/p>\n

Seguin said that with eight manufacturing plants, over 7,000 dealers, skilled and dedicated employees, and a sophisticated distribution system across Nigeria, Coca-Cola was within the close reach of consumers.<\/p>\n

Speaking on the 70th-anniversary milestone, he, said that the company continued to grow, deliberate about investing heavily to make a positive impact in the lives of the people in communities where the company worked and operated.<\/p>\n

He said that Coca-Cola believed that its business was only as sustainable as the communities in which it operated, hence, mainstreamed sustainability into every aspect of its business.<\/p>\n

\u201dFor perspective, in the last 10 years alone, the Coke System has invested more than N9 billion in lifting the living standards of communities where we do business in Nigeria, through locally relevant initiatives.<\/p>\n

\u201dSome of the areas we have had the most impact have been in education and youth development, women empowerment, water, environmental sustainability, sports and the promotion of commerce and entrepreneurship,\u201d Seguin said.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Also speaking, the Managing Director of Coca-Cola Nigeria, Mr Alfred Olajide, said that the 70th-anniversary celebration was a testament to the possibilities and shared opportunities the company had created in the country.<\/p>\n

Olajide said that it was years of investments that had ensured the oiling of the country\u2019s economic gears.<\/p>\n

\u201cYears of initiatives that had ensured and fostered community resilience; and years of instilling hope, open happiness, positive feelings and the magic of community in audiences.<\/p>\n

He said that the 70th-anniversary celebration would run all through the remaining part of 2021 with a line-up of activities designed to celebrate the milestone with the Coca-Cola System\u2019s consumers, customers, employees, partners and the general public.<\/p>\n

According to him, the activities will include the Anniversary Stakeholder Event, consumer seeding\/giveback programmes, among others.<\/p>\n

\u201dIn emphasising our current Real Magic philosophy, we will be kickstarting The Nigerians of Coca-Cola campaign, which will serve to tell a visual story of a diverse set of people across key regions in the country with different struggles and positive histories with Coca-Cola.<\/p>\n

\u201dThese are people that have directly benefited from The Coca-Cola System\u2019s sustainability initiatives \u2013 from our value system to our key programme areas, such as women and youth empowerment, waste, wellbeing, and water stewardship.<\/p>\n

\u201dAs we prepare for more decades of excellence and enriching moments, I believe that there are opportunities for us to learn and listen more.<\/p>\n

\u201cAnd continue to tailor our beverage solutions, to provide our consumers the brands they love at the different phases of their lives, done sustainably for a better-shared future.\u00a0\u201dWe will continue to enable economic empowerment for the people who need it most \u2013 downstream and upstream of our supply chain to truly uplift future generations. nan<\/p>\n

Photo Caption: From Left–Ekuma Eze, Public Affairs & Communications Director, Nigerian Bottling Company (NBC) Ltd.; Matthieu Seguin, Managing Director, Nigerian Bottling Company (NBC) Ltd.; Alfred Olajide, Managing Director, Coca-Cola Nigeria Limited and Amaka Onyemelukwe, Public Affairs & Communications Director, Coca-Cola Nigeria Ltd, at the news conference held on Thursday to flag-off activities marking the 70th anniversary of The Coca-Cola System in Nigeria.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

management of the Coca-Cola System in Nigeria, comprising Nigerian Bottling\u00a0Company (NBC) and Coca-Cola Nigeria is to invest N560 billion in Nigeria within five years.\u00a0<\/p>\n","protected":false},"author":6,"featured_media":52902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[2413],"coauthors":[2391],"class_list":["post-52901","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-coca-cola"],"yoast_head":"\nCoca-Cola Unveils N560b Investment Agenda For Nigeria - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/coca-cola-unveils-n560b-investment-agenda-for-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coca-Cola Unveils N560b Investment Agenda For Nigeria - 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