{"id":50748,"date":"2024-09-25T14:04:40","date_gmt":"2024-09-25T14:04:40","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/dont-fall-for-coca-colas-1bn-investment-promise-cappa-tells-tinubu\/"},"modified":"2024-09-25T14:04:40","modified_gmt":"2024-09-25T14:04:40","slug":"dont-fall-for-coca-colas-1bn-investment-promise-cappa-tells-tinubu","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/dont-fall-for-coca-colas-1bn-investment-promise-cappa-tells-tinubu\/","title":{"rendered":"Don\u2019t fall for Coca-Cola\u2019s $1bn investment promise \u2013 CAPPA tells Tinubu"},"content":{"rendered":"<div>\n<p>The Corporate Accountability and Public Participation Africa, CAPPA, has told President Bola Tinubu not to be deceived by Coca-Cola\u2019s pledge to invest $1 billion investment in Nigeria.<\/p>\n<p>CAPPA spokesperson Robert Egbe gave the advise in a statement made available to DAILY POST on Wednesday.<\/p>\n<p>The civic society group described Coca-Cola\u2019s recent pledge to invest in Nigeria after visiting President Tinubu as unrealistic.<\/p>\n<p>CAPPA was reacting to Coca-Cola\u2019s visit to Tinubu months after Nigeria\u2019s Federal Competition and Consumer Protection Commission, FCCPC, indicted the company for unfair practices.<\/p>\n<p>Reacting, CAPPA said that Coca-Cola\u2019s investment promise was a ploy to continue its onslaught in breaking Nigeria\u2019s regulations to the detriment of public health.<\/p>\n<p>\u201cIt is a matter of grave concern that the news is once again awash with Coca-Cola\u2019s 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, and yet it failed to deliver the first time around.<\/p>\n<p>\u201cSadly, by endorsing Coca-Cola\u2019s shady investment only months after the FCCPC indicted it, the Nigerian government is not only setting itself up as an image launderer for a dirty corporation but also unbelievably, undermining and embarrassing its regulatory authority,\u2019\u2019 the CAPPA statement said.<\/p>\n<p>Don\u2019t fall for Coca-Cola\u2019s $1bn investment promise \u2013 CAPPA tells Tinubu<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Corporate Accountability and Public Participation Africa, CAPPA, has told President Bola Tinubu not to be deceived by Coca-Cola\u2019s pledge&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50749,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,17113,15,466],"tags":[],"class_list":["post-50748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cappa","category-news","category-tinubu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - 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