ABUJA, Sept 19 (Reuters) - Coca-Cola plans to invest $1

billion in its Nigeria operations over the next five years, the

country's presidency said after a meeting between President Bola

Tinubu and senior executives of the soft drinks maker on

Thursday.

Tinubu met John Murphy, president and chief financial

officer of Coca-Cola, Zoran Bogdanovic, CEO of Coca-Cola

HBC ( CCHBF ) - one of Coca-Cola's many bottlers worldwide - and

several other company officials as he seeks to attract

investment into the economy.

Bogdanovic told Tinubu that Coca-Cola had since 2013

invested $1.5 billion in Nigeria to expand its production

capacity, improve its supply chain and on training and

development, the Nigerian presidency said in a statement.

"I am very pleased to announce that, with a predictable and

enabling environment in place, we plan to invest an additional

$1 billion over the next five years," Bogdanovic was quoted as

saying.

The investment announcement comes after Tinubu's government

saw several multinationals like Procter & Gamble, GSK Plc and

Bayer AG leave the country or appoint third parties to

distribute their products due to foreign exchange shortages.

Tinubu, in office since May last year, said his government

wanted to create an environment open to businesses.

"We are building a financial system where you can invest,

re-invest, and repatriate all your dividends. I have a firm

belief in that," he said.

Nigeria, with a population of more than 200 million is seen

as a potential market for many global brands, but forex woes,

red tape and policy inconsistency discourages some investors.

Bottler Coca-Cola HBC ( CCHBF ) in April said its operating profit

would rise this year, supported by strong demand for its coffee,

energy and sparkling drinks even as prices were hiked to keep up

with high costs and currency devaluation in countries like Egypt

and Nigeria.