Flour Mills of Nigeria Plc (FMN), Nigeria’s leading integrated food and agro-allied group and owners of the iconic food brand, ‘Golden Penny,’ has today announced the commencement of its social impact campaign to encourage and foster innovation within the food systems in the country.

The campaign, which is tagged “FMN Prize for Innovation,” is designed to inspire and revitalize food production in the country and ultimately contribute to attaining the 2030 Agenda for Sustainable Development. Each year, the prize will focus on a different element of the food value chain to generate new and imaginative ways of thinking and encourage novel solutions to established problems.

Starting from the 8th of December 2021, operators within the food systems, including all activities in the value chain that covers feeding and nourishing people, from growing, harvesting, packaging, processing, transporting, and marketing, can send in their applications for the prize with the prospects of winning the start Prize of N3 million.

Sadiq Usman, the Director of Group Strategy & Stakeholder Relations, commented.
“A significant number of the challenges facing the food systems in Nigeria today, including low productivity due to damaged crops, limited access to agricultural value chains, and food loss or wastage, can be solved by creative thinking and the right investment in innovation. And that is where companies like ours come in. “The prize for innovation is another way of demonstrating FMN’s commitment to enriching lives and empowering commitment by investing in not just the development of the food value chain but in capacity development and access to resources. “

Mira Mehta, CEO, and founder of Tomato Jos Farming and Processing Limited; Adeyinka Adeyemi, CEO, Fate Foundation - renowned for enabling aspiring and emerging entrepreneurs in Nigeria; Mezuo O. Nwuneli, a private equity investment advisor; and Sadiq Usman, Director of Strategy & Stakeholder Relationship for Flour Mills will judge the FMN Prize for Innovation.


  • The First Category will be open to entries from Micro, Small and medium scale enterprises in Nigeria. Applications will be expected to address food loss and wastage in the food production process. All entries must be situated within the food value chain and be accompanied with proof of business registration.
  • Entries will also be evaluated for efficacy, innovation, and scalability by technical experts in the Agro-Allied and Food Processing industries. Three Million Naira is the top prize in this category.
  • The Second Category will be open to entries from Nigerian students (undergraduate or post- graduate level). Ideas will be expected to tackle loss and waste in the food production process and judged based on viewer’s choice (all Nigerians). Participants will be required to send in a video pitch of their ideas and to post the same on their social media handles, tagging FMN.
  • Ten of the most creative entries will be shared on FMN’s social media accounts, while participants solicit votes through likes and interactions. The top three entries with the most engagements will be rewarded, with the first, second, and third place winners getting N300,000, N200,000, and N100,000, respectively.

  • Mode of Entry
    Interested participants can log on to https://prizeforinnovation.fmnplc.com/ to send in their entries. Entries for the first category close on January 6, 2022, while entries for the second category close on December 29, 2021.

    About Flour Mills of Nigeria Plc
    Flour Mills of Nigeria is recognized as one of Nigeria's leading Food and Agro-allied groups. FMN is devoted to feeding the nation while actively investing in attaining Nigeria’s food self-sufficiency goals. Since 1960, through its iconic Golden Penny brand of flour, pasta, semolina, sugar, starch, oil, spreads, and breakfast cereals, it has continued to build a diversified portfolio of accessible and wholesome food products, a robust Pan Nigerian distribution network and investments that enhance the lives of Nigerians today and in the future.

    The group operates 17 modern and best in class manufacturing facilities across 12 states with production capabilities across grain milling, edible oil, and sugar refining, agro inputs and animal nutrition and proteins. FMN’s logistics and distribution, packaging and port operation are also among Nigeria’s best in class.