The Shell Petroleum Development Company (SPDC) has distributed N14 million to 35 graduates of its 2017 Regional LiveWIRE entrepreneurial programme.
The cheques for the cash have been distributed on Friday in Effurun, Delta state.
Each of the beneficiaries of the programme obtained N400,000 as enterprise start-up grant.
In his tackle of welcome, the General Manager, External Relations of SPDC, Mr Igo Weli, stated the youth enterprise improvement programme was launched in 2003 and has produced 6,687 Niger Delta entrepreneurs.
Weli who was represented by the SPDC Infrastructural Manager, Mr John Uduaghan, stated the programme was focused at communities to encourage, encourage and help youth to start out their very own companies or increase present ones.
“We do that by offering them with requisite coaching and start-up finance with the hope that with reliable various technique of livelihood, our younger women and men will shun vices.
” These beneficiaries went by way of the entrepreneurship coaching, wrote enterprise plans; pitched their enterprise concepts and on the finish 35 best-performing beneficiaries have been chosen.
“They will be receiving awards of business start-up grant and with the grant, we expect that they will be able to successfully establish their businesses,” Weli stated.
He stated the Shell LiveWIRE Nigeria programme was a part of the worldwide Shell LiveWIRE social funding programme which allow younger individuals to start out their very own enterprise and in addition create employment.
He stated the Shell LiveWIRE Nigeria has gained a number of awards together with the Sociàl Enterprise Award in 2010 and the African Leadership Award for Youth Development in 2011.
Outlining some advantages of the LiveWIRE, Weli stated the programme supplied alternative for beneficiaries to compete for the Global Shell LiveWIRE Top Ten Investors Award including that two Nigerians, Mrs Deborah Atalor and Mr Precious Adeho emerged winners within the 2017 version.
“At the national level five beneficiaries of our LiveWIRE programme won the Federal Government ” YOU WIN” award in 2014 and 2015, additionally 10 beneficiaries gained Tony Elumelu Foundation Award amongst others,” he stated.