Nigeria: FMN Prize for Innovation Commences

Flour Mills of Nigeria Plc (FMN) has officially launched the third edition of the FMN Prize for Innovation (PFI).

The theme for this season, “Driving food self-sufficiency in Nigeria through precision agriculture’’.

The FMN Prize for Innovation (PFI) promises significant rewards for its top three winners. The first-place recipient is set to receive N5 million, the second-place winner N3 million, and the third-place winner N2 million.

Group’s Managing Director/CEO, Boye Olusanya, stated: “The FMN – Prize for Innovation is one of the most practical initiatives in Nigeria designed to drive food self-sufficiency in the country.

‘’Through the FMN-PFI, the Group has been able to identify, and empower winners of the Prize such that past winners recorded about 200 per cent growth both in their business and financial outlook.’’

 It is an invaluable opportunity for players within the food and agro-allied space in Nigeria to build sustainable businesses and contribute to the Nation’s agenda of food sustenance.”

The FMN Prize for Innovation (PFI) was created with the aim of fostering new ideas and innovations within the food and agro-allied sector in Nigeria and beyond. The initiative seeks to contribute to the development of a sustainable food system in Nigeria and across the continent.