ITF stands for Industrial Trust Fund. It is a funding scheme utilized for the promotion of skills acquisition in industry or commerce in Nigeria with a view to generating a pool of indigenous trained manpower to meet the needs of the economy.
Employers with a minimum threshold of 5 employees or a turnover of N50 million per annum are liable to the ITF contribution under the Industrial Training Fund (Amendment) Act 2011 and Companies intending to/or bidding for contracts from government are required to show their up-to-date ITF Compliance certificate.
To get more information on the ITF Compliance certificate, reach out us today or visit www.businesslegal.ng.
Thank you Krestor Nig. Ltd for trusting us to process and deliver your ITF certificate for you.