POLICY STATEMENT
This policy statement is the first revised training policy document of the
Industrial Training Fund (ITF). (It should be read in conjunction with other
extant documents of the Fund like the enabling ACT and other operational
guidelines).
INTRODUCTION
The Industrial Training Fund (ITF) was set up under Act No. 47 of 1971 (as
amended up to date) to promote and to encourage the “acquisition of
skills in industry and commerce with a view to generating a pool of indigenous
trained manpower sufficient to meet the needs of the economy”. To finance
the scheme, the Act provides for contributions on the part of employers and for
subventions on the part of the Federal Government. The Federal Government made
available the sum of N1,000,000.00 (£500,000)
during the Plan Period 1970-74 as take off grant.
The
Governing Council of the Fund decided that part of the contributions by
employers will be disbursed for the development and support of training
programmes. Consequently, the Fund will bear part of the cost incurred by
employers in training their employees by reimbursing part of the cost incurred
for courses undertaken. Employers should note, however, that training
reimbursement are only a part of the return they can receive from the Fund.
Other returns include the general availability of trained and mobile manpower
throughout the economy, the prompt attention and guidance of the training
advisers of the Fund, and the access to the wealth of information and expertise
which the Fund has built up over the years.
THE
GOVERNING COUNCIL OF THE FUND
A Governing Council of thirteen members drawn from the public and private
sectors will be appointed by the Federal Government to manage the Fund. This is
to reflect the co-operative spirit of the enterprise, the need for private
employers, organized labour, and the providers and users of training to
co-operate in identifying training needs and devising training policy and
system. The thirteen member Governing Council of the Fund shall comprise of the
following:
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