Does your company remit the annual payroll of 1% to Industrial Training Fund yet you either don’t know you can recoup 50% hitch free or you don’t or you don’t know how to go about it, then this information is for you.

We are a consulting firm that provides consultancy services on Industrial Training Fund and ITF reimbursement. We help recoup 50% of your annual contribution to ITF with no upfront fee.

Yes. We don’t request a dime from you until the 50% of your 1% contribution is recouped.
1% payroll contribution to the Industrial Training Fund is statutory in Nigeria. And every company is required to make this contribution yearly.

The Industrial Training Fund established in 1971 as part of its responsibilities, provides Direct Training, Vocational and Apprentice Training, Research and Consultancy Service, Reimbursement of up to 50% Levy paid by employers of labour registered with it. Employers with 8 or more staff are mandatorily required to pay 1% of their staff payroll costs to the regulatory body, and 50% of this funds reimbursable on meeting the specific employee investment requirements of ITF.

It is observed that many employers in Nigeria are in the following categories / suggested percentage split:

Make mandatory payments on an annual basis but do not claim back reimbursements (~80%).

Make full payments and claim back full reimbursement applicable (~5%).

Make partial payments on an annual basis and exposed to the risk of significant penalties and hence circumventing compliance (~5%) and do not make payments and hence not complaint. (~10%)

Reasons for the various categories or circumvention scenarios are suggested to be:

Cumbersome procedures in consolidating and submitting training records /plans and relevant supporting documents to regulator.

Absence of an appointed skills development coordinator in-house.

Lack of faith in the reimbursement process due to delayed returns from ITF.

Improper structures or technological platforms in maintaining training record data in-house.

Lack of faith in the reimbursement process due to delayed returns from ITF.

Working with us you can rest assure of 50% hitch free recoupment without UPFRONT FEE...