What is the Industrial training Fund?

What is the Industrial training Fund?

What is the Industrial training Fund?

The purpose of the Act was to establish a Fund – The Industrial Training Fund (ITF) – to be utilized to promote and encourage the acquisition of skills in industry or commerce in Nigeria with a view to generating a pool of indigenous trained manpower sufficient to meet the needs of the economy.

How can I apply for Industrial training Fund in Nigeria?

You can apply for ITF job on the website www.itf.gov.ng portal and also get shortlisted. Most importantly, ITF recruitment 2022 application is free. Ensure you take note of this if you wish to apply for any job vacancy in Industrial Training Fund (ITF).

How do I register for ITF in Nigeria?

ITF REGISTRATION BY A NEW EMPLOYER. A prospective Employer is expected to complete ITF Form 7A (which is available online). (a) A copy of company’s Corporate Affairs Commission’s Certificate of Incorporation. (b) Certified true copies of the company’s Audited Account. (c) A copy of the company’s Tax Clearance.

Is ITF compulsory in Nigeria?

Every employer with 5 or more employees, or an annual turnover of over N50million in respect of each calendar year is required to contribute to the Scheme.

How much is ITF salary?

The average salaries for Industrial Training Fund (ITF) is 144,637 Naira. This data is collated by 8 employees from Industrial Training Fund (ITF). The roles include Accounting Data Analyst, Accountant, Confidential Secretary, Legal Counsel, Legal Officer, Recruitment Officer etc.

When should I submit my ITF form?

You have to submit this form to ITF area office in two weeks after you start the training.

How much is ITF certificate?

Make a payment of N100, 000 (One Hundred Thousand Naira) to the ITF account for the application. Upon satisfaction, the certificate will be issued to the employer.

Does ITF pay students?

ITF pays every student that partook in 6 months or 1 year industrial training or SIWES programme the sum of N15,000 (Fifteen Thousand Naira).

What is ITF Nigeria?

The Industrial training Fund (ITF) is a parastatal of the Federal Government of Nigeria under the Ministry of Industry, Trade and Investment and it was established in 1971.

How can I get ITF certificate?

ITF REGISTRATION BY A NEW EMPLOYER CERTIFICATE OF COMPLIANCE

  1. Copy of company’s Certificate of Incorporation issued by Corporate Affairs Commission’s.
  2. Certified true copies of the company’s Audited Account.
  3. Copy of the Company’s Tax Clearance.

How much is ITF registration?

Submit the letter to the ITF office located within the jurisdiction of the company’s registered address, accompanying it with the Certificate of Incorporation of the company. Make a payment of N100, 000 (One Hundred Thousand Naira) to the ITF account for the application.

How do I get a PenCom certificate?

A company can obtain certificate of compliance by formally applying to PenCom and attaching certified list of employees of the organization as at the end of the last fiscal year, the certified rates of monthly contributions indicating the employer (minimum 10%) and employee (minimum 8%) rates and evidence of remittance …