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The purpose of the Act was to establish a Fund \u2013 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.
ITF ACT SECTION 6 (1 \u2013 3) 1. Every employer having either 5 or more employees in its establishment, or having less than 5 employees but with a Turnover of N50m and above per annum, shall, in respect of each calendar year and or the prescribed date, contribute to the Fund one per centum of its total annual payroll.
Where can I do my Siwes?
Best Places For SIWES or Industrial Training Placements In Nigeria AGEGE, LAGOS STATE. AHMAD AL-IMAM NIG. ... AKTEM TECHNOLOGY, ILORIN, KWARA STATE. ALLAMIT NIG. ... AMOULA VENTURES LTD., IKEJA, LAGOS STATE. CALVERTON HELICOPTERS, 2, PRINCE KAYODE, AKINGBADE CLOSE, VICTORIA ISLAND, LAGOS STATE.
form 8
how to fill itf form 8itf form 1itf scaf form pdfitf student commencement of attachment formitf form 5itf form 7a
People also ask
What is ITF payment?
This is money set aside by Federal Government to be paid to all Nigerian Students either in University, Polytechnic or College of Education and other tertiary institutions under ITF after their Industrial Training programme.
What is the importance of ITF?
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).
Is ITF compulsory in Nigeria?
ITF contribution is an unnecessary addition to the list of taxes in Nigeria: The ITF contribution swells the numbers of payments to government by Nigerian businesses.
How do I pay my Siwes logbook?
For Payment for IT/SIWES course registration: Pay into your NOUN e-wallet along side your other course registration fees. Here are the steps you need to take if you want to pay for NOUN Logbook: Visit www.remita.net. Click on \u201cPay Federal Government Agency\u201d
Who pays ITF Nigeria?
ITF ACT SECTION 6 (1 \u2013 3) Every employer having either 5 or more employees in its establishment, or having less than 5 employees but with a Turnover of N50m and above per annum, shall, in respect of each calendar year and or the prescribed date, contribute to the Fund one per centum of its total annual payroll. 2.
how to fill itf form 8
students industrial work experience scheme (siwes
Vet and process students' logbooks and ITF Form 8. 3. The Supervisory Agencies (NUC, NABTEB, etc) The NUC is to: 1. To ensure the establishment and ...
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