Overview

The Industrial Training Fund (Amendment) Act, 2011 (Act No. 19) was enacted by the National Assembly of the Federal Republic of Nigeria on June 3, 2011, and published in the Official Gazette on June 22, 2011. This Act amends the Industrial Training Fund Act, Cap. 19, Laws of the Federation of Nigeria, 2004 (the Principal Act). The key amendments include: (1) Section 2 is substituted with a new section that expands the utilization of the Fund to provide, promote, and encourage skills acquisition in industry and commerce, generate indigenous trained manpower, provide training for management and entrepreneurial skills, set training standards, monitor adherence, and evaluate and certify vocational skills in collaboration with relevant organizations. (2) Section 5(2) is substituted to allow the Council to appoint officers, agents, or employees to assist the Director-General. (3) Section 6 is substituted, changing the contribution requirements: every employer with 5 or more employees, or with less than 5 employees but an annual turnover of N50 million or more, must contribute 1% of total annual payroll to the Fund. (4) Section 4(1) is amended by replacing 'or' with 'and' in paragraphs (e) and (f). (5) Section 1(c) is amended to replace 'Federal Ministry of Industry' with 'its parent Ministry'. The Act also amends sections 7, 8, 9, 10, 11, 13, 15, 16, and the Schedule, and includes a citation clause. The document is a legislative amendment policy aimed at updating the legal framework for industrial training in Nigeria.

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