Industrial Training Fund (Amendment) Act
Act · Education
An Act amends the Industrial Training Fund to enhance workforce development programs. It targets employers, employees, and training institutions across sectors. This promotes skill acquisition and employment opportunities in Nigeria.
Industrial Training Fund (Amendment) Act
What Is This Policy?
An amendment to the Industrial Training Fund Act that updated the mandate, funding structure, and operational scope of the Industrial Training Fund (ITF) to better serve Nigeria's workforce development needs across all sectors of the economy.
Who Does It Target?
Employers registered with the ITF, including companies with 5 or more employees or annual turnover above 50 million Naira Employees and apprentices receiving industrial training Vocational and technical training institutions Students participating in the Students Industrial Work Experience Scheme (SIWES)
What Does It Aim to Achieve?
Promote and encourage the acquisition of industrial and vocational skills throughout the Nigerian economy by providing training, setting standards, and administering a levy-grant system for workforce development.
Key Features
Training Levy: Employers contribute 1% of annual payroll to the ITF to fund training activities Reimbursement Scheme: Companies that conduct approved training can claim reimbursement of up to 50% of their levy SIWES Administration: Coordination and funding of the Students Industrial Work Experience Scheme for tertiary institution students Direct Training: ITF operates training centres and conducts programmes in trades, management, and ICT Expanded Coverage: The amendment broadened ITF's scope to include all sectors of the economy
Current Status
Rollout Stage: Fully operational nationwide Coverage: All employers meeting the threshold in all sectors Lead Agency: Industrial Training Fund (ITF) Funding: 1% training levy on registered employers
How to Access
Employers register with the ITF and can access training services and reimbursements. Register with the nearest ITF area office Pay the 1% annual training levy Apply for reimbursement after conducting approved training Students access SIWES placements through their institutions
Important Terms
Levy Obligation: Employers with 5 or more employees or 50 million Naira turnover must contribute the training levy Non-Compliance: Failure to pay the levy attracts penalties and legal action Reimbursement: Up to 50% of the levy may be refunded for approved training activities
Official Resources
Website: itf.gov.ng Contact: Industrial Training Fund Headquarters, Jos, Plateau State
Legal Framework
Enacted under the legislative powers of the National Assembly vested by Section 4 of the 1999 Constitution. The amendment modifies the Industrial Training Fund Act 2011, operating within the framework of the National Vocational Qualifications Framework, the National Board for Technical Education Act, and the National Policy on Education.