The Nigerian Liquefied Natural Gas (NLNG) has relaunched one of its key economic empowerment programmes formerly known as Youth Empowerment Scheme (YES) designed to spur the growth of small businesses and youths within its over 110 host communities in Rivers State.
The new scheme, known as Vocational, Innovation, Business and Empowerment Scheme (VIBES), is aimed at ensuring growth and sustainability of small businesses owned and managed by previous YES beneficiaries.
At the relaunch on Monday in Port Harcourt, NLNG’s General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall said VIBES is a deliberate programme to engender entrepreneurial knowledge, and the networks needed to grow entrepreneurs and change-makers in our communities.
Dr Horsfall, who was represented at the event by the Manager, Community Relations and Sustainable Development, Charles Epelle, explained that the scheme which is in line with NLNG’s vision of improving lives sustainably, was aimed at not only empowering the youths of it’s host communities but also develop and the society by extension.
She said:“NLNG believes that entrepreneurship is not just about starting and running a business, it is about creating opportunities that uplift the communities to drive economic growth and spark positive social change.
She disclosed that over 1,400 youths from NLNG’s host and pipeline communities in Rivers state had been trained in 10 different empowerment programmes since inception of YES in 2004. She added that less than 300 are said to be operating viable businesses hitherto.
According to her, the youths were trained in different crafts such as; Automotive, Advanced welding, Catering and Hotel management, Fashion Designing and Cosmetology, Agriculture and Farm Management, Information and Communication Technology as well as Photography and Video Production.
She further stated that the NLNG believes that VIBES will foster an environment where individuals can create businesses, generate employment, and become innovators.
“This belief drives our commitment to nurturing local capacity and enabling individuals to become creators of jobs, wealth, and lasting impact”
She said the programme is a modern approach to economic empowerment which “offers enhanced support through networking opportunities, grants, resources, and mentorship to help participants refine and scale up their ideas.
“VIBES came into force last year as a way of refining the implementation of the company’s YES programme, which was initially designed to make the participating youths economically and socially responsible and self-reliant through guided technical and managerial development training.
“In conceptualizing VIBES, NLNG assembled experts in entrepreneurship, business development, law, technology and innovations and several other fields for continued training and mentorship of the select business operators to ensure continued survival, growth and sustainability of such businesses.”
She further added that VIBES will provide comprehensive business training, which includes courses on financial management, marketing, strategic planning, law and legal practices and more. It shall also provide personalized advisory services and structured mentorship from seasoned business to the participants.
She disclosed that beneficiaries will be administered professional, practical, participative trainings designed to build robust technical and managerial capacity.
She said participants in the top 50, will receive a grant of $1,300 each, disbursed in two tranches.
This funding, she said is intended to help upscale their business and as part of a broader support system that includes mentorship, networking, and additional advisory services.
“In the end, the VIBES Alumni Network will be created and is designed to provide continued mentorship, networking, and support after the completion of the programme, helping past beneficiaries to share experiences and access further opportunities.