Flour Mills of Nigeria (FMN) has restated its commitment to advancing livestock farming through innovation with the launch of the fourth edition of its annual Prize for Innovation (PFI).
FMN’s Group Managing Director and Chief Executive Officer, Boye Olusanya, while speaking yesterday in Lagos at the 2025 edition, themed: “Innovative Practices in Livestock Farming in Nigeria,” noted the initiative aims to address key challenges in the livestock sector and strengthen Nigeria’s food security.
The group MD emphasized the company’s role in fostering local innovation to transform the sector.
“Through the FMN Prize for Innovation, we continue to champion Nigeria’s food security agenda. Since its inception in 2021, we have nurtured and financially supported about eight businesses, whose scale-up has exceeded 50% due to our resources and mentorship.” he said.
Olusanya explained further that livestock farming remains crucial to the nation’s food system and economic growth, but continues to face challenges such as disease outbreaks, poor farm practices, and limited access to modern technology.
Read Also: FG to Repatriate 100,000 Nigerian Refugees from Across Africa
Flour Mills of Nigeria Group Director, Strategy and Stakeholder Relations, Sadiq Usman, also highlighted the sustainability of the initiative, stating that winners receive more than just financial support.
