FMN invests over N300m in food innovators
Flour Mills of Nigeria has invested over N300m in 11 innovators through its Prize for Innovation initiative to accelerate sustainable food systems in Niger Read More: https://punchng.com/fmn-invests-over-n300m-in-food-innovators/
Flour Mills of Nigeria (FMN) has committed over N300 million to support 11 innovative businesses through its FMN Prize for Innovation program. The initiative, launched in 2021, aims to foster sustainable food systems in Nigeria and Africa by providing financial, technical, and strategic support to innovators working on food production and processing solutions.
Since its inception, FMN has invested in various innovations, ranging from solar-powered storage systems and hydroponic farming to waste-to-biogas conversion and cassava processing. The program has expanded digital fuel platforms across Africa and has seen significant business growth among the prize winners, with their operations expanding by over 50% after receiving the funds.
FMN plans to continue supporting food self-sufficiency and sustainable food systems in Nigeria and Africa through innovation, local content development, and strategic investment.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- FMN invests over N300m in food innovators punchng.com
