The Nigerian Liquefied Natural Gas (NLNG) has announced the commencement of the Vocational, Innovation, Business, and Empowerment Scheme (VIBES) for more than 110 host and pipeline communities in Rivers.
Dr. Sophia Horsfall, General Manager of External Relations and Sustainable Development at NLNG, remarked on the inauguration of the economic empowerment program in Port Harcourt on Monday.
Horsfall, represented by Mr Charles Epelle, Manager of Community Relations and Sustainable Development, stated that VIBES would replace the Youth Empowerment Scheme (YES), which had been operational since 2004.
She explained that VIBES was established to foster entrepreneurial knowledge and networks essential for the development of entrepreneurs and change-makers within Rivers communities.
“NLNG believes that entrepreneurship is not merely about starting and running businesses but creating opportunities that drive economic growth and positive social change in our host communities.
“We are confident that VIBES will foster an environment in which individuals can establish businesses, generate employment, and emerge as innovators.
“This belief underpins our commitment to nurturing local capacity and enabling individuals to become creators of jobs, wealth, and lasting impact,” she said.
Horsfall noted that the previous scheme had trained over 1,400 youths across 10 different empowerment programs over the past 21 years.
The programs include automotive engineering, advanced welding, catering and hotel management, fashion design, cosmetology, farm management, information and communication technology, as well as photography and video production.
She added that NLNG had assembled industry experts in entrepreneurship, business development, law, technology and innovation, and several other fields to continue the training and mentoring of selected business operators.
According to Horsfall, the model will ensure the continued survival, growth, and sustainability of the businesses.
“Beneficiaries will undergo professional, practical, and participatory training designed to build robust technical and managerial capacities.
“The top 50 participants will each receive a grant of 1,300 dollars (about N2.91 million), disbursed in two tranches.
“This funding is intended to assist in scaling up their businesses, supported by a broader system of mentorship, networking opportunities, and additional services,” she added.
The NLNG General Manager also stated that the company would provide comprehensive business training, covering financial management, marketing, strategic planning, legal practices, and other essential areas.
Horsfall, however, expressed regret that only about 300 of the 1,400 individuals trained under the discontinued YES scheme had established and were operating viable businesses to date.
Follow us on all social media platforms @dailyquery for news and analyses around the globe.
