Understanding the Industrial Training Fund (ITF): The ITF operates under the mandate to promote the acquisition of skills in industry and commerce, thereby bolstering productivity and efficiency in the Nigerian economy.

DOCUMENTS REQUIRED TO OBTAIN AN INDUSTRIAL TRAINING FUND (ITF) COMPLIANCE CERTIFICATE Copy of company's Certificate of Incorporation issued by Corporate Affairs Commission's. Certified true copies of the company's Audited Account. Copy of the Company's Tax Clearance. Payroll.

As part of its responsibilities, the ITF provides Direct Training, Vocational and Apprentice Training, Research and Consultancy Service, Reimbursement of up to 50% Training contribution paid by employers of labour registered with it, and administers the Students Industrial Work Experience Scheme (SIWES).

An employer who fails to contribute to the fund within the stipulated period is liable to pay the outstanding contribution plus a penalty of 5% of the unpaid amount for each month of default.

Eligibility Criteria Trainer A bachelor's degree in a relevant field is required along with professional certifications if applicable and experience in teaching or training. Administrator Candidates need a bachelor's degree in business or administration strong organizational skills and proficiency in computer usage.

What are the applicable costs for ITF registration? The costs, excluding professional fees, are as follows: One-time payment of N100,000 for Compliance Certificate; 1% of the annual payroll of the company after an assessment of the number of employees of the company and the remuneration schedule.

REGISTERED/EXISTING EMPLOYER 1. Already registered employers/companies are expected to complete ITF Form 5A (available online). 2. Submit the completed ITF Form5A to the ITF Area Office where they are registered for vetting of their liability to the Fund.