The Shell Petroleum Development Company (SPDC) has given the sum of N15 million to 21 youths who graduated from its LiveWire Entrepreneurship programme, to enable them start their businesses.
SPDC’s General Manager, External Relations Igo Weli revealed this at the 2015 Graduation and Award Ceremony for the 21 beneficiaries of the programme.
According to Weli, 14,000 candidates in Niger Delta applied for the 2015 LiveWIRE programme, and 150 youths were selected after a rigorous screening exercise.
He said, “LiveWIRE is a programme designed to provide opportunities for young people in our host communities to realise their potential through creation and development of their own businesses.
“The programme gives youths access to entrepreneurial training, business development services as well as start-up capital for youth-owned businesses.
“This exercise, which started in 2003, has trained and empowered over 6,000 Niger Delta youths who have employed many youths in the area.
“Out of the 6,000 that this programme has trained, 3,000 of these trainees were assisted to set up their businesses through business start-up awards,’’ he said.
Weli who said that about 40 people had been employed by trainees who graduated from its LiveWIRE programme in 2014, added that the 2014 LiveWire graduates have made a combined profit of about N10 million excluding their capital.
He assured that SPDC was committed and dedicated to developing youths in its host communities.