Coca-Cola commended for planned $1bn investment in Nigeria
Global beverage company, Coca-Cola Nigeria, has been commended by Nigeria’s Vice President, Professor Yemi Osinbajo, over its intention to invest $1bn in Nigeria in the next five years. Professor Osinbajo noted that such a move is clear evidence to the possibilities and opportunities in the Nigerian economy.
This was disclosed by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, during the 70th anniversary gala of the Nigerian Bottling Company in Lagos, in commemoration of Coca-Cola’s 70 Years of operating in Nigeria.
The Nigeria’s second citizen reiterated that the federal government is committed in building a sustainable and strategic collaboration to enable the leading company reach its pinnacle.
His words:, “Your ongoing investment in the country, which I am told will be in the order of $1billion in the next five years, testifies to your faith in the possibilities of Nigeria.”
“And you can rely on the partnership of the Nigerian government, (and I dare say the Nigerian people too) as you make these great strides.”
The legal luminary further reaffirmed that President Buhari’s administration’s commitment to “creating an environment that allows the private sector to innovate and thrive remains active and sincere, despite the challenges, and we will continue to work with businesses across the broad spectrum of our dynamic economy to ensure that we do this with a clear view of the opportunities and problems of the day.”
Commending the NO. 1 beverage company for spending 70 years in Nigeria the VP noted that Coca Cola has demonstrated “commitment to the Nigerian people with repeated investments, in the building of production facilities across the country, in creating thousands of jobs but also in your active support of every aspect of our national life, from health to education, from women and youth empowerment to sports. All done with conscious respect for the environment.”
Deputy Governor of Lagos State, Dr. Obafemi Hamzat, and other distinguished personalities were also there to grace gala night.
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