ITF

Industrial Trust Fund (ITF)

The objective for which the Fund was established has been pursued vigorously and efficaciously. In the four decades of its existence, the ITF has not only raised training consciousness in the economy, but has also helped in generating a corps of skilled indigenous manpower which has been manning and managing various sectors of the national economy.

Over the years, pursuant to its statutory responsibility, the ITF has expanded its structures, developed training programs, reviewed its strategies, operations and services in order to meet the expanding, and changing demands for skilled manpower in the economy.

 

Requirements for Industrial Trust Fund Certificate (ITF)

  1. Original copy of CAC certificate for sighting
  2. Current Audited Accounts
  3. Tax Clearance Certificate
  4. Minimum Payment of ₦150,000

Duration – 4 days

Procedures:

  • Completion of the ITF form.
  • The completed form is to be submitted to the nearest ITF Area Office along with:

i A copy of the company’s Corporate Affairs Commission certificate.

ii Certified true copies of the company’s audited account.

iii A copy of the company’s tax clearance.

  • The company will be assessed for its liability by ITF revenue, inspectorate and compliance officers.
  • The client will generate RRR through the ITF pay-portal or remitta platform.
  • After generating RRR, the client will take same to the bank for payment of training contribution.
  • After payment, a print out of payment and duplicate teller from the bank will be taken to the ITF office.
  • Hard copy of the receipt and acknowledgement letter will be issued to the client.
  • The ITF office will then forward the employer details in the form to the headquarters for insurance of ITF national number.
  • The ITF national number will then be sent for scripting and issuance of certificate of compliance.
  • A certificate of compliance will be given to the client as evidence of ITF act.