Group warns Nigerian govt against Coca-Cola’s $1 billion investment pledge

The Corporate Accountability and Public Participation Africa (CAPPA) has criticised the Nigerian government for embracing Coca-Cola’s $1 billion investment pledge, citing the company’s alleged history of broken promises and harm to public health.

CAPPA in a statement signed by its Media and Communication Officer, Robert Egbe, accused Coca-Cola of attempting to “whitewash” its image despite multiple dishonest trade practices and regulatory infractions.

This is in reaction to Coca-Cola’s recent visit to President Bola Tinubu, during which the corporation announced a $1 billion investment pledge to Nigeria over five years.