CAPPA to FG: Coca-Cola’s $1bn investment pledge is a hollow promise

The Corporate Accountability and Public Participation Africa says Coca-Cola’s promise of a $1 billion investment in Nigeria is a hollow pledge.

“In 2017, a Lagos High Court issued a damning judgement against the company, revealing that its products were unfit for consumption as they contain high levels of sunset yellow and benzoic acid which, according to European and American food and drug agencies, can form the carcinogen benzene when combined with ascorbic acid .

“For instance, the company had provided false information to the FCCPC in violation of the Commission’s rules and had also deceived consumers by dishonestly selling its ‘Less Sugar’ variant as identical to the original Coca-Cola product. “The question the Nigerian government must ask itself in light of all this is what truly it stands to gain by endorsing a multinational corporation with a dark history of non-compliance, and whose products are even actively contributing to a public health crisis in the country?” he said.

“The Nigerian state must reconsider its fawning over Coca-Cola, as its snug relationship with the corporation while simultaneously enforcing a pro-public health tax sends mixed signals.

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