Among other goals the Lumina Foundation intends to achieve through the institution of this award are as follows:
- To propagate the dynamics of self enhancement.
- To celebrate excellence, patriotism, integrity, heroism, intellectualism and selfless service epitomized by the man, Wole Soyinka.
- To generate excellent books (both in content and packaging) authored by Africans.
- To foster global harmony through the provision of opportunities for appreciation of cross cultural perspectives. In order to enter for this prize, Publishers should obtain the entry from The Lumina website, fill it in triplicate. Submit two copies with six copies of the books and include their email address and phone numbers.