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Flour Mills of Nigeria rewards winners of innovation competition promoting local content development in food industry

Flour Mills of Nigeria (FMN) Prize for Innovation has recognized and rewarded winners in category one of its annual competition, focused on Innovative Techniques for Local Content Development in the Food and Agro-allied sector.

The second season aimed to promote the development of local content and innovation in Nigeria’s food industry, creating new opportunities for entrepreneurs and driving economic growth in the country. The high-octane pitch event, which aired on February 18, 2023, brought together six finalists whose businesses made significant contributions to the food and agro-allied sector through their innovative ideas and practices.

Eugene Olumese Osomobegbe of Osomobegbe Global Ventures Limited emerged as the winner of the grand prize of N5m for his innovation that involves the design and fabrication of highly efficient solar dryers in Nigeria. FMN reiterated its commitment to enriching the lives of Nigerians across their various points of need and promoting the development of local content and innovation in the food industry to drive economic growth in the country.

The Flour Mills of Nigeria Plc (FMN) has once again demonstrated its commitment to the growth and development of local content and innovation in the food industry. Through its annual prize for innovation competition, the company has rewarded winners in the first category of the second season, which was focused on Innovative Techniques for Local Content Development in the Food and Agro-allied sector.

The competition, which aims to create new opportunities for entrepreneurs and drive economic growth in Nigeria, saw six finalists with businesses that have made significant contributions to the food and agro-allied sector, through their innovative ideas and practices. The finalists had to pitch their ideas to a panel of judges in a high-octane event aired on February 18, 2023.

The Director of Group Strategy and Stakeholder Relations at FMN, Sadiq Usman, expressed his delight in the season two competition, stating that it affords entrepreneurs and business owners the opportunity for a valuable networking experience. He further emphasized that the FMN Prize for Innovation has the potential for value creation both in the short and long run.

The winner of the grand prize of N5m is Eugene Olumese Osomobegbe of Osomobegbe Global Ventures Limited, whose innovation involves the design and fabrication of highly efficient solar dryers in Nigeria. Osomobegbe’s solar dryers have been recognized for their potential to reduce food waste and improve the quality of dried food products in the country.

The first runner-up and winner of N3m was Musa Pashi Ali of Palmark Syndicate Ltd, with an innovative idea of the production of tomato powder from tomato fruit. Ali’s innovation is aimed at reducing post-harvest losses and increasing the value of tomato production in the country.

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