Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 7/27/2012

Nigeria - Employer liability for contributions to training fund program 

July 27:   Nigeria’s Industrial Training Fund (ITF) is intended to regulate training standards and offer direct training of industrial and commercial skills. The ITF program is supported by mandatory contributions by employers, if certain requirements are met.

Almost all employers—e.g., those that have five or more employees, have annual business turnover of N50 million or more, use Customs services for imports / exports, among other criteria—must contribute to the ITF.


A law enacted in June 2011 authorizes the ITF to appoint agents who can initiate judicial actions against employers to recover outstanding ITF contributions.


Read a 2012 report [PDF 118 KB] prepared by the KPMG member firm in Nigeria:
Amendments to the Industrial Training Fund Act




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