Overview

The Industrial Training Fund (ITF) (Amendment) Act, 2011 establishes and governs the Industrial Training Fund in Nigeria. The Fund is designed to promote and encourage skills acquisition in industry and commerce to create a pool of indigenous trained manpower for both private and public sectors. It receives contributions prescribed by the Act, sums from the Federal Government, and funds for the Students Industrial Work Experience Scheme channeled through its parent Ministry. The Fund is utilized to provide training for management, technical, and entrepreneurial development; set training standards; monitor adherence; and evaluate and certify vocational skills of apprentices, craftsmen, and technicians in collaboration with relevant organizations. The Act establishes the Industrial Training Fund Governing Council as a body corporate to administer the Fund. The Council has powers to provide or secure training courses and facilities, approve external courses, publish recommendations on training, apply selection tests, assist research, and acquire property. Employers are liable to contribute to the Fund, with penalties for non-payment. The Act includes provisions for accounts, audit, civil proceedings, certificates as evidence, court disputes over liability, returns, offences, and interpretation of terms.

Download