Flour Mills of Nigeria Invests N300m in Food Innovation

Flour Mills of Nigeria (FMN) has invested over N300 million in 11 innovators and businesses through its FMN Prize for Innovation initiative, which aims to accelerate sustainable food systems in Nigeria and across Africa. Since its launch in 2021, the initiative has provided financial, technical, and strategic support to innovators developing solutions for food production and processing.

FMN's long-term strategy focuses on strengthening food security through product and process innovation, local content development, and investments in critical agricultural value chains. The initiative has seen various editions, with the first focusing on reducing food loss and waste, awarding Urban Akwu Agro-allied Limited and Eupepsia Place Limited.

Subsequent editions addressed local content development, precision agriculture, and innovative livestock farming practices, with winners including Osomobegbe Global Ventures Limited and Levitate Aquaria & Breeder Farms. The latest edition attracted over 2,700 entries, emphasizing cassava production and processing.