FMN invests over N300m in food innovators

FMN, the Flour Mills of Nigeria, has invested more than N300m in 11 innovators and businesses through its FMN Prize for Innovation initiative. The company's investment aims to accelerate sustainable food systems in Nigeria and across Africa by providing financial, technical, and strategic support to innovators developing solutions for food production and processing.

The initiative, launched in 2021, has supported various innovations, including solar-powered storage systems, hydroponic farming, bio-recycling plants, and technologies for generating electricity from food waste.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.