The Coca-Cola Company has announced plans to invest an additional $1 billion in its Nigerian operations, a move expected to further strengthen its presence in the country and deepen longstanding US–Nigeria trade relations.

The disclosure was made by the United States Embassy in Nigeria through a social media post highlighting the contributions of American companies to bilateral trade and economic growth between both countries.

According to the Embassy, Coca-Cola has invested about $1.5 billion in Nigeria over the past decade. The proposed $1 billion investment is expected to expand production capacity, strengthen supply chains and improve workforce training nationwide.

“US–Nigeria bilateral trade has been a powerful engine for economic growth, job creation and enduring partnerships,” the Embassy said, describing Coca-Cola as a key contributor. It added that the planned investment signals continued confidence by US multinationals in Nigeria’s long-term economic prospects.

Coca-Cola’s operations in Nigeria are carried out through the Coca-Cola System, which comprises Coca-Cola Nigeria Limited and its authorised bottler, the Nigerian Bottling Company (NBC). The company has played a significant role in Nigeria’s manufacturing, logistics and retail sectors for decades.

The Embassy also noted that Coca-Cola has operated in Nigeria for about 75 years, underscoring the depth of its commitment to the market.

Company executives have consistently described Nigeria as a strategic market within Coca-Cola’s African operations. Similarly, Coca-Cola Hellenic Bottling Company, which manages NBC, has reiterated that Nigeria remains central to its long-term growth strategy, driven by the country’s large population and expanding consumer base.