For being a source of livelihood for millions of Nigerian families in the past 60 years and for its unwavering commitment to driving local content development, and inspiring sustainable growth across all its touch points, Flour Mills of Nigeria Plc is Brand of the Year 2023.
Flour Mills Nigeria Plc
Over the years, Flour Mills of Nigeria Plc has established its leadership position as a company that is driven and inspired by a sincere commitment to entrenching sustainable growth and shared prosperity.
Incorporated in September 1960 and quoted on the Nigerian Exchange since 1978, Flour Mills of Nigeria (FMN) Plc boasts a rich leadership history in the country’s food industry and value chain. This has been achieved through a legacy of impactful investments, job creation, community development and economic growth.
The brand, FMN, has also created value along the entire food chain with its “farm-to-table” model by providing inputs and know-how to farmers, aggregating and sourcing crops and raw materials to supply its world-class processing facilities across Nigeria, and distributing its innovative food brands to its customers.
FMN, owners of the iconic Golden Penny food brand, is one of Nigeria’s leading foods and agro-allied companies. With a broad basket of food products and a robust pan-Nigerian production, distribution and supply chain network, FMN is a fully integrated and diversified food and agro-allied group.
The FMN group strives in its purpose to “Feed the Nation, Everyday” through its five core food value chains: grains, sweeteners, oils and fats, proteins, and starches. The company has remained committed to creating sustainable and responsible value for its stakeholders. It drives this through four frameworks comprising governance, economic, environmental and social pillars. With these, FMN commits itself to a strategic and structured approach in the developmental needs of communities where it has a presence and beyond. It has aided the deployment of a more deliberate pathway to corporate social investments.
The group has continued to enlarge its footprint in the Nigerian FMCG industry and market. Its current market base spans seven states and various local markets within the country, and it promotes economic development in these regions through employment, purchases and investments. The combination of its investments and the restructuring of its delivery strategy has enabled the group to strengthen and increase capacity across the nation.
Today, FMN is one of the largest flour-milling companies in Nigeria, with an installed flour-milling capacity of approximately 9,310 metric tonnes per day at its Apapa milling sites in Lagos.
Also, for its most widely recognized global best practice standard for securing assets such as financial information, intellectual property, employee information, and information entrusted to third parties, FMN was awarded the ISO/IEC 27001:2013 certification.
