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Nigeria Embraces Coca-Cola's Investment Despite Past Allegations

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CAPPA criticizes the Nigerian government for endorsing Coca-Cola's $1 billion investment pledge, citing the company's alleged history of broken promises and harm to public health.

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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. However, according to CAPPA, Coca-Cola’s latest pledge is a recycled commitment made three years ago during former President Muhammadu Buhari’s administration, which the company failed to deliver.

“On this ground, the court mandated the company to place warning labels on its beverages, advising consumers against combining their intake with Vitamin C. But to this day, the corporation has refused to comply with this directive. “As such, while the company’s promises of an economic investment may sound appealing, the potential gains pale in comparison to the long-term public health costs and injury that the consumption of its products inflicts on the Nigerian population as with elsewhere across the world’’.

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