NBC Celebrates 75 Years in Nigeria with $1 Billion Investment Pledge

The Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, celebrated its 75th anniversary in Nigeria with a gala at the Bola Ahmed Tinubu International Conference Centre in Abuja. The event was attended by senior government officials and business leaders.

NBC began production in Ebute Metta, Lagos, in 1951 and has since expanded to eight plants, 11 depots, and 52 commercial territories across Nigeria. According to Anastassis G. David, Chairman of Coca-Cola HBC, the company's decision to secure bottling rights for Nigeria in 1951 reflected a long-term belief in the country and its people.

The company has committed to investing up to $1 billion in Nigeria over five years, subject to a predictable and enabling business environment. A recent economic impact study by Steward Redqueen estimated that the Coca-Cola system generated about $1 billion in value-added economic activity across its Nigerian value chain in 2024 and supported more than 160,000 jobs.