FMN to reward innovation with prize

Flour Mills of Nigeria PLC has announced the call for entries for the fourth edition of its FMN Prize for Innovation (PFI).This year’s theme, ‘Innovative Practices in Livestock Farming in Nigeria’, highlights FMN’s commitment to promoting sustainable solutions that can transform the country’s livestock space and drive long-term economic growth.

Entries started on the 24th of January 2025 and are set to close on the 28th of February 2025 after a two-week extension. The company will also hold a fireside chat on Arise TV morning show on the 20th of February, an opportunity for the judges from the past three seasons to share their insights, learning and experiences.

The maiden edition of the FMN Prize for Innovation took place in 2021 to build a sustainable food system in Nigeria. The past three editions explored relevant themes that spotlighted innovative businesses and SMEs within the food and agro-allied space.

Every year, the prize will highlight an important part of the food value chain that is critical to the transformation and long-term development of the country’s food systems.

Through the initiative, FMN said it has empowered entrepreneurs and young innovators whose ground-breaking inventions and ideas are progressively driving the country’s quest for food security.

These success stories reinforce FMN’s role as a pioneer in building resilient food systems. With this year’s theme, FMN aims to support innovative solutions that can overcome impediments to the attainment of long-term growth in livestock farming in Nigeria, thereby strengthening the livestock value chain and improving productivity across the sector.

“Through the FMN PFI, the company continues to champion Nigeria’s Food security agenda,” said GMD/CEO, FMN, Boye Olusanya. “Since inception in 2021, we have nurtured, and financially supported about eight businesses whose scale-up is over 50 per cent based on the invaluable support and resources provided to them by the Company. Through our consistent actions and investments in Nigeria, we have demonstrated our unwavering commitment to local content development to reduce the nation’s dependency on imported raw materials,” he added.