Coca-Cola Hellenic Bottling Company has revealed plans to invest $1 billion in Nigeria over the next five years. This commitment was announced during a meeting with Coca-Cola's global leadership team, including John Murphy, President and Chief Financial Officer, and Segun Apata, Chairman of the Nigerian Bottling Company.

Murphy highlighted Coca-Cola's significant economic impact in Nigeria, noting that the company generates ₦320 billion annually from nearly 300,000 customers and contributes close to ₦90 billion in revenue to the Nigerian government. "We are very proud of the growth of the business over a long period and its impact on the daily lives of many Nigerians," Murphy said.

Zoran Bogdanovic, CEO of Coca-Cola HBC, praised Nigeria’s vast potential and reiterated the company’s commitment to partnering with the government to realize this potential.

Coca-Cola had previously pledged to invest $1 billion in Nigeria's economy in November 2021.