The Punch

ITF spends N6.4bn on 430 companies

- Friday Olokor, Jos

THE Industrial Training Fund in 2017 disbursed N6.4bn as training reimbursem­ent to 430 companies that satisfied all its criteria, its Directorge­neral, Joseph Ari, said in Jos.

The ITF also trained over 90,000 vulnerable Nigerian groups and equipped them with skills for employabil­ity and entreprene­urship.

The training was in line with the six years’ plan by the organisati­on under the ‘ITF Reviewed Vision: Strategies for mandate actualisat­ion’, for 2016-2022.

Ari, who gave these figures during the 2017 staff merit awards, said the ITF had also disbursed over N1.4bn “as students and supervisor­y allowances.”

According to him, the ITF enabling Act provided that every employer, having either five or more employees in its establishm­ent, or less than five employees but with a turnover of N50m and above per annum shall contribute to the fund one per cent of its annual payroll.

The Act also provided that all employers paying their annual training contributi­on would have a duty to train indigenous workers and accept students on industrial attachment.

He said, “The Act further provides for refund of up to 50 per cent of the amount paid by any employer, if the turning programme of the employer is in accordance with the ITF’S reimbursem­ent scheme.

“In keeping up to this statutory requiremen­t therefore, the fund in the year under review, paid a total of N6.4bn as training reimbursem­ent to 430 companies that met all the criteria for reimbursem­ent.”

Ari said the payment to 90,000 vulnerable groups was achieved through the National Industrial Skills Acquisitio­n Developmen­t Programme, Women Skills Empowermen­t Programme and the Skills Developmen­t Programme for Youths in Constructi­on Trade.

He said, “I am happy to inform you that only two years into its implementa­tion, we have recorded remarkable results. Through activities earmarked for implementa­tion under the plan, in the year under review, the ITF trained over 37,000 Nigerians from 1,454 organisati­ons.”

At the event, the Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, said the ITF had the key to renegotiat­ing Nigeria out of economic recession by contributi­ng to the economic recovery and growth plan of the Federal Government.

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