Five SME finalists to battle for N3m FMN prize

Five SMEs have emerged finalists from Category One of the Flour Mills of Nigeria (FMN) Prize for Innovation and would slug it out to emerge winner of a N3 million prize. A statement from FMN said the finalists were chosen after a rigorous screening process and will advance to the competition’s final stage – a […]

Five SMEs have emerged finalists from Category One of the Flour Mills of Nigeria (FMN) Prize for Innovation and would slug it out to emerge winner of a N3 million prize.

A statement from FMN said the finalists were chosen after a rigorous screening process and will advance to the competition’s final stage – a live pitch event to be held in Lagos.

The five finalists for the maiden edition of the FMN Prize who will advance to the live pitch event in no particular order are Samson Ogbole (Ogun State), Amadi Ann Obianuju (Kogi State), Olarewaju Olufemi (Oyo State), Emmanuel Eze (Enugu State), and Chuks Ogbonna (Rivers State), representing various brilliant entries from Nigerian SMEs.

The winner in category one of the FMN Prize for innovation will receive a N3 million cash prize and a three-month supply of Golden Penny products. The first and second-place runner-ups will also receive a three-month supply of Golden Penny products.

As the leading food and agro-allied group in Nigeria, FMN said it has continued to maintain its commitment to the transformation of the agriculture sector and the long-term development of the food systems, which is vital for improving food security in the country.