Flour Mills of Nigeria Plc (FMN) has announced plans to flag off the third season of the FMN Prize for Innovation (PFI).
The theme for this season, “Driving food self-sufficiency in Nigeria through precision agriculture’’.
According to the organisers, three top winners stand to receive substantial rewards. The first-place winner will be awarded N5million, the second-place winner N3million, and the third-place winner N2million.
Registration is open between January 15 and February 15, this year.
All entries would undergo a review by experts from the agro-allied sector.
Speaking on the initiative, Group’s Managing Director/CEO,Mr. 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.’’
This initiative 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. He added.
FMN Prize for Innovation initiative was established to encourage new ideas and innovations in the food and agro-allied sector in Nigeria and across the continent to impact and enable a sustainable food system in Nigeria.