Close Menu
Chronicle NG
    Trending Stories
    Siminalayi Fubara speaking at the commissioning of the Rivers Medical Industries Project in Port Harcourt, where he endorsed Kingsley Chinda and declared support for the Rainbow Coalition.

    Fubara endorses Chinda as successor, joins Wike-backed rainbow coalition

    July 22, 2026
    Health workers respond to the Ebola outbreak in the Democratic Republic of Congo as confirmed cases rise to 1,708.

    Over 1,000 deaths recorded in ebola outbreak in DR Congo, Uganda – WHO

    July 22, 2026
    Rescue workers search through flood debris in Parun, Nuristan province, after deadly flash floods struck eastern Afghanistan.

    Afghanistan flood death toll hits 23 as heavy rain hampers search for 100 missing

    July 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Fubara endorses Chinda as successor, joins Wike-backed rainbow coalition
    • Over 1,000 deaths recorded in ebola outbreak in DR Congo, Uganda – WHO
    • Afghanistan flood death toll hits 23 as heavy rain hampers search for 100 missing
    • France wildfire burns 1,700 hectares, hundreds evacuated
    • Liverpool ban 400 fans for life over ticket touting offences
    • Guardiola holds talks over Italy coach role
    • Tonda Eckert: Southampton coach charged over Spygate scandal
    • Scientists develop experimental drug that could stop prostate cancer spread
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, July 22
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Coca-Cola $1bn Investment: “Beware of poisoned chalice” CAPPA warns Tinubu

    David GreatBy David GreatSeptember 25, 2024No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    President Tinubu approves N10 billion emergency funding and establishes a task force to strengthen Nigeria’s Ebola preparedness and response systems.
    President Bola Tinubu
    Facebook Twitter WhatsApp

    The Corporate Accountability and Public Participation Africa (CAPPA) has urged President Bola Ahmed Tinubu to rethink his administration’s support for corporations like Coca-Cola, which it accuses of flouting Nigerian laws and endangering public health.

    In a recent statement, CAPPA criticized Coca-Cola’s renewed $1 billion investment pledge to Nigeria over five years, calling it a “recycled, unfulfilled” promise made previously to the Muhammadu Buhari administration.

    CAPPA claimed that Coca-Cola failed to deliver on its earlier commitment and accused the company of using the promise of investment to whitewash its tarnished reputation.

    “It is a matter of grave concern that the news is once again awash with Coca-Cola’s promise of a $1 billion investment in Nigeria. This is the second time in three years that the company has made this hollow pledge to different ruling governments,” CAPPA’s statement read.

    The organization pointed out that Coca-Cola’s history in Nigeria has been marred by regulatory infractions and deceptive trade practices. CAPPA referenced a 2017 Lagos High Court ruling, which found Coca-Cola’s products to contain harmful chemicals, including sunset yellow and benzoic acid, which can form the carcinogen benzene when combined with Vitamin C. Despite the court’s mandate to label its products with warnings, CAPPA claimed that Coca-Cola has refused to comply with the directive.

    • Nigeria to fine Coca-Cola for product, consumer deception

    “This contempt and disregard for public health and judicial authority should disqualify the company from receiving any form of state endorsement,” the statement added.

    CAPPA further highlighted the recent findings by the Federal Competition and Consumer Protection Commission (FCCPC), which in July 2024, exposed Coca-Cola for deceptive marketing practices, including misleading consumers about its “Less Sugar” variant.

    Akinbode Oluwafemi, CAPPA’s Executive Director, questioned the government’s decision to embrace a company with a record of non-compliance and harmful practices.

    “The Nigerian government must ask itself what it truly stands to gain by endorsing a multinational corporation whose products are actively contributing to a public health crisis in the country,” said Oluwafemi.

    He pointed to the growing burden of non-communicable diseases (NCDs) like diabetes and heart disease, which are linked to sugar-sweetened beverages like Coca-Cola’s products, warning that the long-term public health costs far outweigh any potential economic gains from the investment.

    CAPPA also expressed concern over the potential impact of the government’s relationship with Coca-Cola on Nigeria’s Sugar-Sweetened Beverages (SSBs) tax, introduced in 2021 to curb the consumption of sugary drinks and tackle the rise of NCDs.

    “The government’s cozy relationship with the beverage corporation could jeopardize the smooth implementation and enforcement of the SSB tax,” CAPPA warned, adding that public health advocates have called for an increase in the tax to align with global best practices.

    The organization concluded by urging the Tinubu administration to prioritize public health and distance itself from corporate lawbreakers.

    “We call on the Nigerian government to defend public health without scruples and consider genuine ethical investments that rank the well-being of Nigerians over empty promises and profit-driven deception,” the statement concluded.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Siminalayi Fubara speaking at the commissioning of the Rivers Medical Industries Project in Port Harcourt, where he endorsed Kingsley Chinda and declared support for the Rainbow Coalition.

    Fubara endorses Chinda as successor, joins Wike-backed rainbow coalition

    Health workers respond to the Ebola outbreak in the Democratic Republic of Congo as confirmed cases rise to 1,708.

    Over 1,000 deaths recorded in ebola outbreak in DR Congo, Uganda – WHO

    Rescue workers search through flood debris in Parun, Nuristan province, after deadly flash floods struck eastern Afghanistan.

    Afghanistan flood death toll hits 23 as heavy rain hampers search for 100 missing

    Smoke rises as firefighters battle a fast-moving wildfire in the Var region of southern France after hundreds of residents were evacuated.

    France wildfire burns 1,700 hectares, hundreds evacuated

    Scientists at Umeå University researching an experimental antibody drug for aggressive prostate cancer treatment.

    Scientists develop experimental drug that could stop prostate cancer spread

    Controversial Nigerian content creator DJ Chicken has been released from detention after meeting his bail conditions.

    DJ Chicken calls Seyi Tinubu ‘daddy’ after release from kirikiri

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Siminalayi Fubara speaking at the commissioning of the Rivers Medical Industries Project in Port Harcourt, where he endorsed Kingsley Chinda and declared support for the Rainbow Coalition.

    Fubara endorses Chinda as successor, joins Wike-backed rainbow coalition

    July 22, 2026
    Health workers respond to the Ebola outbreak in the Democratic Republic of Congo as confirmed cases rise to 1,708.

    Over 1,000 deaths recorded in ebola outbreak in DR Congo, Uganda – WHO

    July 22, 2026
    Rescue workers search through flood debris in Parun, Nuristan province, after deadly flash floods struck eastern Afghanistan.

    Afghanistan flood death toll hits 23 as heavy rain hampers search for 100 missing

    July 22, 2026
    Smoke rises as firefighters battle a fast-moving wildfire in the Var region of southern France after hundreds of residents were evacuated.

    France wildfire burns 1,700 hectares, hundreds evacuated

    July 22, 2026
    Liverpool have reached the quarter finals of the Champions League for the first time since

    Liverpool ban 400 fans for life over ticket touting offences

    July 22, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.