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Laws of the Federation Preview 32 min read

Industrial Training Fund Act

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[Amended by the Industrial Training Fund (Amendment) Act, 2011]

Arrangement of Sections

1. Establishment of Industrial Training Fund.

2. Utilisation of the Fund.

3. Establishment of the Industrial Training Fund Governing Council.

4. Powers of the Council.

5. Director-General and other officers of the Fund.

6. Liability to contribute to the Fund.

7. Refund.

8. Duty of employers to train indigenous staff, etc.

9. Penalty for non-payment.

10. Accounts and audit.

11. Civil proceedings.

12. Certificate as evidence.

13. Power of Minister to determine questions in special cases.

14. Returns.

15. Offences.

16. Interpretation.

17. Short title.

SCHEDULE

Constitution, etc., of the Industrial Training Fund Governing Council

An Act to set up an Industrial Training Fund comprising sums provided by the Federal Government and contributions by employers in the prescribed matters and other related matters.

[1971 No. 47.]

[8th October, 1971] [Commencement.]

1. Establishment of Industrial Training Fund

There is hereby established a fund to be known as the Industrial Training Fund (in this Act referred to as "the Fund") into which shall be paid-

(a) all contributions prescribed by this Act;
(b) such sums as may be provided for that purpose by the Federal Government; and
(c) funds provided by the Federal Government for the students Industrial Work Experience Scheme: Provided that such fund shall be channelled through the Federal Ministry of Industry.

[1990 No. 44.]

2. Utilisation of the Fund

The Fund shall be utilised to promote and encourage the acquisition of skills in industry or commerce with a view to generating a pool of indigenously trained manpower sufficient to meet the needs of the economy.

[1973 No. 37.]

3. Establishment of the Industrial Training Fund Governing Council

(1) There shall be, for the purpose of administering the Fund in accordance with the provisions of this Act, a body to be known as the Industrial Training Fund Governing Council (in this Act referred to as "the Council").
(2) The Council shall be a body corporate with perpetual succession and a common seal.

[1976 No. 14.]

(3) The provisions of the Schedule to this Act shall have effect with respect to the constitution of the Council and its proceedings and the other matters therein contained.

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