NLNG disburses N250m grants to 51 entrepreneurs
The Nigeria LNG Limited (NLNG) has disbursed N250million business grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the
The Nigeria LNG Limited (NLNG) has disbursed N250million business grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the induction of 103 participants from its host communities in Rivers State.
A statement signed by the Manager, Corporate Communications and Public Affairs, Annie-Marie Palmer-Ikuku, said the grants followed a competitive pitch-a-thon that brought the programme to a close, with participants presenting their business ideas and funding requirements before a panel of judges.
The statement said selections were based on the viability, scalability, and sustainability of each proposal.
Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the grant component of VIBES was designed to ensure that participants were not left with just training, but were supported to take the next practical step in establishing their businesses.
Horsefall said, "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 reflected 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 said.
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.
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He noted that the funding is intended to provide critical growth capital to enable beneficiaries to expand operations, improve productivity, create jobs, and strengthen their market position.
He 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.
