Flour Mills of Nigeria has officially launched the fifth edition of its Prize for Innovation, with a focus on enhancing the cassava value chain in the country. This initiative addresses the contradiction of Nigeria being the largest global producer of cassava while still relying heavily on imported cassava derivatives. The theme for the 2026 edition, 'Innovative Practices in Cassava Production and Processing,' aims to encourage local innovation to meet domestic and industrial demands for cassava products.

Group Chief Executive Officer, Mr. Boye Olusanya, stated that the initiative has transitioned from a simple corporate social responsibility program into a more significant industrial focus, highlighting the urgent need for Nigeria to capitalize on its cassava production capabilities. The program is designed to offer both substantial funding and mentorship to participants, fostering sustainable development within the cassava sector. By targeting local innovators, Flour Mills aims to create solutions that contribute to economic growth and self-sufficiency in cassava production.

The Prize for Innovation reflects a broader strategy to enhance agricultural productivity in Nigeria, addressing both local food security and the economic paradox of high production coupled with high dependency on foreign imports. The initiative is poised to impact the domestic market significantly, encouraging innovations that could lead to new products, processes, and ultimately a more robust cassava industry in the country. Flour Mills' commitment to this cause is expected to garner widespread attention and participation from local entrepreneurs and innovators, driving forward the agenda for Nigeria's self-sufficiency in cassava processing and production.