Flour Mills of Nigeria Plc 2023

As part of its commitment to feeding the nation, everyday, Flour Mills of Nigeria Plc (FMN), Nigeria’s leading player within the food and agro-allied sector and provider of superior quality products, continue to afford Nigerians nutritious products. The market leader, Flour Mills of Nigeria Plc (FMN) was incorporated in September 1960 and quoted on the Nigerian Stock Exchange since 1978.

FMN is devoted to feeding the nation while actively investing in attaining Nigeria’s food self-sufficiency goals since 1960. The Group’s operations can be categorized into four major sectors – Foods, Agro-allied, Sugar, and Support services. FMN creates 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.

Foods, Agro-allied, Sugar, and Support Services

FMN is the owner of the iconic food brand, Golden Penny, which is also Nigeria’s leading food brand with a broad basket of quality food products. Through its iconic Golden Penny brand of flour, pasta, semolina, sugar, starch, oil, spreads, and breakfast cereal, it has continued to build a diversified portfolio of accessible and wholesome food products, a robust Pan-Nigerian distribution network, and investments that enhance the lives of Nigerians today and in the future. The Golden Penny Food brand has remained a household name, providing great-tasting and nourishing food to millions of Nigerian families. 

The group operates 17 modern and best-in-class manufacturing facilities across 12 states with production capabilities across grain milling, edible oil and sugar refining, agro-inputs, and animal nutrition and proteins. FMN’s logistics and distribution, packaging, and port operation are also among Nigeria’s best in class.

As one of the leading Groups in the food industry, its consumers and stakeholders remain at the centre of its business strategy, through the provision of quality brands that create a positive impact and promote social values like nutrition and well-being. This commitment is demonstrated through the Golden Penny Soya Oil endorsement of ‘good for the heart’ by the Nigerian Heart Foundation. The endorsement attests to the fact that the Golden Penny Soya oil has more mono and polyunsaturated fatty acids than saturated fats, making it a healthier option for cooking.

Additionally, Flour Mills of Nigeria Plc has also participated in the NSMP and Backward Integration Plan (BIP) since its inception in 2012 through its subsidiary Golden Sugar Company situated on the Niger river in Niger state. At Sunti, the Company has an area of 22,000ha on which a 15,000-hectare sugar estate is being developed. More than N73 billion has already been invested to establish the sugar estate of 3,500ha of irrigated sugar cane and a Sugar Factory with a 3,000 tons per day milling capacity.  The Factory is the only one constructed under the NSMP and producing sugar today. Once the development is complete 150,000 tons of sugar will be produced per year.  Through its commitment to leading the industry in process and product innovation, FMN recently launched a 100% wholly made-in-Nigeria brown sugar, Sunti Brown Sugar, this is in addition to being the sole manufacturer of brown sugar in Nigeria. The Group continues to build a world-class organization with a single purpose that boosts excellent talents, nurtures abilities, and rewards hard work on its journey to become the most prominent and most-respected food agro-allied group in Africa.

More so, the group’s strategic partnership with the Flour Milling Association of Nigeria (FMAN), is focused on enhancing the lo­cal production of wheat for the purpose of building a more resilient business thereby strengthening our supply chain structure and route to market. Following this, FMN through FMAN  aggregated over 8,000 tonnes of wheat grain in 15 collection points across three Nigerian states; directly supported over 2,000 smallholder farmers with land preparation and robust agronomic support targeted at improving crop yield and profitability

FMN remains committed to a systematic and disciplined approach to the developmental requirements of the communities where it operates and the environment and will continues to feed the nation everyday through content localization and strategically agile business operations and structure.