In what stands as a striking testament to the scale and strength of Nigeria’s fast-moving consumer goods sector, Dangote Sugar Refinery Plc has disclosed that it generated a staggering ₦63 billion in revenue from a single corporate client during the first half of 2024 — none other than Coca-Cola’s Nigerian bottling partner, the Nigerian Bottling Company Limited (NBC).
This revelation was made in the company’s unaudited financial report for the half-year period ended June 30, 2024. According to the filing, the Nigerian Bottling Company emerged as Dangote Sugar’s largest single customer within the period under review, accounting for approximately 14% of the sugar producer’s total revenue. The total turnover for Dangote Sugar during H1 2024 stood at over ₦470 billion, indicating NBC’s significant role in the refinery’s supply chain and bottom line.
The Nigerian Bottling Company, a member of the Coca-Cola Hellenic Bottling Company (CCHBC) Group, is one of the largest beverage manufacturing and distribution companies in Nigeria, producing Coca-Cola products such as Coke, Fanta, Sprite, and Schweppes. The company’s operations require industrial-scale quantities of refined sugar for its bottling activities, making it one of the largest bulk sugar buyers in the country.
Industry analysts say this level of patronage underlines both the operational scale of NBC and the strategic importance of Dangote Sugar as a key supplier within Nigeria’s food and beverage manufacturing ecosystem. With Nigeria’s soft drinks market continuing to expand despite inflationary pressures, it comes as little surprise that NBC maintains such a high level of demand.
Meanwhile, Dangote Sugar continues to dominate the local sugar refining space, leveraging its Apapa and Numan plants to meet rising domestic demand while aligning with Nigeria’s backward integration policy under the National Sugar Master Plan (NSMP). The company has also been investing in expanding its production capacity and sugarcane farming to reduce dependence on imports and improve local sourcing.
With consumer spending patterns showing resilience in the non-alcoholic beverage segment, and with NBC pushing forward on its sustainability and market expansion goals, the commercial partnership between the two industry giants is expected to remain robust in the months ahead. For Dangote Sugar, this level of revenue from a single client not only boosts its financial performance but also signals confidence in the broader food and beverage value chain, even amidst macroeconomic challenges.