In a major boost to local enterprise, NLNG has disbursed ₦250 million in business grants to 51 budding entrepreneurs.
The grants were disbursed after the successful conclusion of the 2026 Vocational Innovation and Business Empowerment Scheme (VIBES).
The grants followed a competitive pitch-a-thon held for host communities in Rivers State which brought the programme to a close, with participants presenting their business ideas and funding requirements before a panel of judges.
Each proposal was selected based on their viability, scalability, and sustainability.
The grant component of VIBES according to NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, was designed to ensure that participants are not left with just training, but are supported to take the next practical step in establishing their businesses.
“What we are doing with this funding is bridging the gap between learning and execution. Many small businesses struggle at that stage where they have the knowledge but lack the capital to move forward. Through VIBES, we are providing targeted support to help these entrepreneurs implement their ideas, stabilise their operations, and position their businesses for growth,” she said.
Horsfall added that the initiative reflects NLNG’s broader approach to sustainable community development, noting that combining capacity building with access to funding enables beneficiaries to make measurable progress, strengthen their businesses, and create real economic value within their communities. “It is about providing sustainable livelihoods”, she intoned.
In his remark, Manager, Community Relations and Sustainable Development, Yemi Adeyemi, commended participants for their dedication throughout the programme and the quality of ideas presented during the pitch-a-thon. He noted that the funding was intended to provide critical growth capital to enable beneficiaries expand operations, improve productivity, create jobs, and strengthen their market position.
Adeyemi thanked all participants for their commitment and reaffirmed NLNG’s continued investment in enterprise development, and support for initiatives that build local capacity, promote entrepreneurship, and create sustainable economic opportunities in its host communities.
The pitch-a-thon marked the culmination of a four-week intensive business capacity-building programme, during which participants were equipped with practical skills in financial management, business strategy, marketing, and operations to strengthen their enterprises.
The programme, built on innovation, scalability, and sustainability, reinforces NLNG’s commitment to inclusive economic development, integrating capacity building with funding to help entrepreneurs grow, sustain their businesses, and drive long-term impact.
