President Bola Tinubu has reaffirmed his administration’s dedication to creating a robust financial system and a business-friendly economy to attract foreign direct investments. This commitment was made on Thursday in Abuja, during a meeting with the leadership of Coca-Cola Company, where the global beverage giant announced plans to invest $1 billion in Nigeria over the next five years.

The meeting, led by Coca-Cola’s President and CFO, John Murphy, and Nigerian Bottling Company Chairman, Ambassador Segun Apata, highlighted the company’s long-standing partnership with Nigeria, which has generated over 3,000 jobs across nine production facilities.

President Tinubu praised Coca-Cola’s continued investment in the country and emphasized his administration’s goal of simplifying business operations. “We are building a financial system where you can invest, re-invest, and repatriate all your dividends,” Tinubu stated, noting that private-sector partnerships are essential to his government’s reforms.

Murphy revealed that Coca-Cola generates N320 billion annually in Nigeria and contributes nearly N90 billion in revenue to the government. CEO of Coca-Cola Hellenic Bottling Company, Zoran Bogdanovic, added that Nigeria’s growth potential was a key factor in the company’s decision to invest an additional $1 billion over the next five years.

“We believe Nigeria’s potential is tremendous, and we are committed to working with the government to realise this potential,” Bogdanovic said.