Seplat doles out N16.5m seed money to 23 budding SMEs

Seplat Energy PLC has doled out N16.5 million to 23 entrepreneurs as seed money under its Global Entrepreneurship Fellowship programme. The scheme is operated in collaboration with Conversations 4 Change (C4C), a non-governmental organisation. The recipients underwent training and mentorship programmes sponsored by Seplat, in preparation for the greater world. Speaking at the 2023 edition […]

Seplat Energy PLC has doled out N16.5 million to 23 entrepreneurs as seed money under its Global Entrepreneurship Fellowship programme.

The scheme is operated in collaboration with Conversations 4 Change (C4C), a non-governmental organisation.

The recipients underwent training and mentorship programmes sponsored by Seplat, in preparation for the greater world.

Speaking at the 2023 edition of the Seplat Global Entrepreneurship Fellowship programme in Abuja, Dr Chioma Nwachukwu, who represented Seplat management, said the programme is aimed at developing participants’ leadership skills, social entrepreneurship and business management abilities, through generalised and targeted capacity building workshops.

“The graduates’ ability to act on their ideas is supported through equipment funding, as well as mentoring. This year, we are celebrating the 23 successful graduates who received a cumulative funding of N16.5 million in seed money.”

Mrs Nwachukwu added that since 2019, Conversations For Change and Seplat Energy Plc have worked together to ensure that we improve the lives of young Nigerians by supporting them to start and sustain their business enterprises.

“Through this partnership, we have successfully trained and supported three batches of fellows; about 55 young entrepreneurs who are thriving, despite the odds stacked against businesses in the country.”

She revealed that 574 persons have been trained under the teacher’s empowerment, STEP.

Also speaking at the event, the former Director General, the Securities and Exchange Commission (SEC), Ms Arunma Oteh, hailed Seplat for the initiative, saying Nigerians would do better in the MSMEs’ space once they are well supported.