Itf Form Spe 1
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People also ask spe1 form
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How to fill itf scaf form?
You are expected to fill in your name, department, Reg No, year of study, name of institution, name and address of the company, department you worked, period of attachment, and a brief outline of experience acquired, after which you are expected to sign and attach the date.
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How much is an ITF certificate in Nigeria?
What are the applicable costs for ITF registration? The costs, excluding professional fees, are as follows: One-time payment of N100,000 for Compliance Certificate; 1% of the annual payroll of the company after an assessment of the number of employees of the company and the remuneration schedule.
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How does ITF work?
ITF stands for in trust for and is used to refer to a bank account that is held in trust on behalf of someone else. The funds in this account are not owned by the person who holds the account but instead by the person or entity for whom it has been set up.
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How is ITF calculated in Nigeria?
Businesses with fewer than 25 employees are not mandated to contribute training funds to the ITF. Every employer having 25 or more employees in its establishment shall, in respect of each calendar year, contribute 1 percent (1%) of its total annual payroll.
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What is the purpose of the ITF?
Its core objectives include providing training facilities, establishing standards in industrial training, and fostering vocational guidance. Through a range of programs, the ITF strives to equip individuals with the requisite skills and knowledge to excel.
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How is the Industrial Training Fund calculated in Nigeria?
Training Contribution: Employers are required to remit 1% of the total annual payroll of their employees to ITF. The cost of this contribution varies based on the size of the company's workforce and its annual turnover.
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What is the salary of an ITF in Nigeria?
The estimated total pay range for a Administrator at Industrial Training Fund is NGN 520K–NGN 560K per year, which includes base salary and additional pay. The average Administrator base salary at Industrial Training Fund is NGN 540K per year.
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When should the scaf form be submitted?
The Desk Officer gives the logbook, SCAF Form (Student Commencement of Attachment Form), and the ITF form 8 (For the three ITF funded programmes only). The Student must submit the SCAF Form within two weeks of commencement of SIWES attachment to the nearest ITF Area Office.
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