From Ann Godwin, Port Harcourt 
The NLNG has partnered with the Bank of Industry (BOI), launching a N1 billion Micro, Small, and Medium Enterprises (MSME) Scheme to boost the local economy in its host communities. 
  
The scheme, aimed at providing financial support and capacity-building for local vendors and businesses within NLNG host communities and Gas Transmission System (GTS) areas, was launched in Port Harcourt yesterday. 
   
The initiative was designed to alleviate poverty, stimulate economic growth, and enhance sustainability by offering accessible loans at competitive interest rates. Under the partnership model, NLNG provides a seed fund, which BOI matches, creating a robust funding pool to support small-scale enterprises. The loans will target community entrepreneurs and vendors working for NLNG. The scheme is digitalised to streamline the application and disbursement process. Beneficiaries can apply for loans through an online portal, ensuring more efficient access to funding.
  
Speaking at the launch, the General Manager, External Relations and Sustainable Development, Sophia Horsfall, emphasised that the scheme is structured to mitigate financial risks, embed sustainability, and strengthen local economies. 
  
She highlighted that with rising bank interest rates, NLNG has introduced a buffer that allows beneficiaries to access loans at a reduced interest rate of nine per cent. 

She said: “Today, we launch more than just a micro-credit finance scheme; we ignite new possibilities for grassroots entrepreneurs and small businesses. After years of funding and empowering local enterprises, we took a strategic pause to reassess and enhance our impact. This led to a powerful partnership with the Bank of Industry, a collaboration that will drive real economic growth in Rivers State and beyond.
  
More than an opportunity, this initiative is a statement of our unwavering commitment to sustainability because true prosperity begins with financial independence and thriving businesses.