Monday, March 16, 2026
28 C
Lagos

NLNG Expands VIBES Programme with Induction of 103 New Beneficiaries

NLNG’s economic empowerment initiative, the Vocational Innovation Business and Empowerment Scheme (VIBES), has inducted a new cohort of 103 trainees into its 2026 empowerment programme.

The induction ceremony, held in Port Harcourt on Monday, marked a significant milestone in the scheme’s ongoing commitment to skills development and sustainable economic empowerment.

The newly inducted trainees will undergo a structured series of capacity-building sessions, culminating in a competitive pitching phase, during which the most viable business proposals will be selected based on clearly defined evaluation criteria.

Simultaneously, 26 beneficiaries from the previous cohort successfully completed their training and graduated from the programmme. They received grant support in the preceding year, marking the close of their training.

One year after receiving support, several of the graduates have strengthened their operations, enhanced financial management practices, expanded their customer base, and transitioned from early-stage concepts to more structured, revenue-generating enterprises.

Some have scaled up production and diversified their service offerings, demonstrating measurable business growth and improved operational stability.

Speaking at the induction ceremony in Port Harcourt, the General Manager, External Relations and Sustainable Development, Sophia Horsfall, emphasised NLNG’s commitment to sustainable community development, stating:

“The VIBES programme reflects NLNG’s long-standing commitment to sustainable development in our host communities. Through targeted capacity building, access to innovative support, and enterprise development opportunities, we are strengthening the local economy across our host and pipeline communities. The graduation of one cohort and the induction of another showcase the continuity of our investment in youth empowerment, innovation, and enterprise development as key drivers of inclusive growth.”

She added that VIBES represents a strategic intervention aligned with NLNG’s broader sustainable development objectives. The programme is designed to cultivate entrepreneurial capability and strengthen the networks required for emerging business leaders and community change-makers to thrive within their communities.

Also speaking at the event, the Manager, Community Relations and Sustainable Development, Yemi Adeyemi, described the milestone as rewarding, noting the progress made by the graduating cohort.

“When we supported them last year, it was not only with training but also with grants to help strengthen their businesses. A year later, we can see the difference, businesses are expanding, ideas have moved beyond the planning stage, and the beneficiaries are more confident in managing their ventures. That is the essence of VIBES, practical support that helps people make real progress.”

VIBES is NLNG’s economic empowerment programme designed to equip young entrepreneurs with the tools, knowledge, and support required to build sustainable livelihoods. Participants receive practical training in financial management, marketing, business strategy, and foundational legal principles, complemented by mentorship and advisory guidance from experienced professionals.

This integrated approach combines capacity development with funding support to enable participants to scale their businesses, improve profitability, and build sustainable enterprises.

Economic empowerment remains a key component of NLNG’s broader sustainable development efforts, alongside education, infrastructure, and healthcare. Through VIBES, the company aims to support more young entrepreneurs in building viable businesses, creating economic value, and contributing meaningfully to the development of its host and pipeline communities across Rivers State.

Following the relaunch of the programme, 26 participants have so far benefited from the grant and completed their training under the initiative.

 

 

spot_img
spot_img
spot_img

Hot this week

PalmPay Commits to Gender Balance in Fintech Space @ Purple Woman 3.0

L-R: Olorunfemi Hanson, Head of Marketing, PalmPay Nigeria; Kemi...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NCDMB: 33 Engineers Begin Training in Pipeline Pigging, Corrosion Control

Thirty-three young graduates of engineering, geology and related disciplines...

NCDMB, Radisson, Edison Sign Management Deal for Yenagoa Hotel

The Nigerian Content Development and Monitoring Board (NCDMB) on...

FG Unveils Taskforce on Presidential Petroleum Reform, Value Optimisation

President Bola Ahmed Tinubu has approved the establishment of...

Topics

Rivers State to Host 2017 Editors’ Conference

Rivers State will host this year’s edition of the...

Dettol Nigeria Support Better Hygiene During Breastfeeding

The World’s leading consumer health and hygiene company, Reckitt...

FOR THE RECORD

The Speech of the President of the Association of...

SEC Nigeria Commemorates 7th World Investor Week

  The Commission, in collaboration with the Financial Literacy Technical...

Banks Have Low Expertise in Oil & Gas Business

Nigerian banks have limited k n o w l e d g e and understanding of oil and gas business, thus making it difficult for financial institutions in the country to tailor the right financing model for operators in that sector of the economy. That was a crucial point from the Nigeria Oil & Gas (NOG) 2015 communiqué issued over the weekend According to the communiqué, the restricted lending capacity of indigenous banks and rate disadvantage cannot compare to various money lenders elsewhere while poor credit rating also affect money lenders’ ability to support indigenous companies operating in oil and gas business.

Profit Taking in Banking Stocks Drags Market Performance… NSE ASI down 10bps

The negative performance of the local bourse was sustained...

World Bank: Africa Can’t Meet 10% COVID-19 Vaccination Target by Sept

At its third meeting, the Multilateral Leaders Taskforce on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img