ITF is a manpower training centre, not a bank – Okoro
The Anambra Area Coordinator of the Industrial Training Fund (ITF), Mrs Chinwe Okoro, on Tuesday appealed to industrialists to desist from applying for loans from the Fund.
Okoro, who stated this in Awka while addressing newsmen, noted that she was always surprised when industrialists visit the Fund for loans.
She stated that the main duty of the Fund was to improve the capacity of workers in industries.
“It is a misconception for people to think that ITF gives out funds to industrialists; my candid advice to them is to consult banks such as Bank of Industry and not us.
“Our main duty is to train workers in such industries to operate at their optimum,” Okoro said.
Moreover, it could be recalled that ITF was established in 1971 by Decree 47 of 1971 as amended in the 2011 ITF Act.
The ITF provides direct training, vocational and apprentice training, research and consultancy service as well as reimbursement of up to 50 per cent levy paid by employers of labour registered with it.
It administers the Students Industrial Work Experience Scheme (SIWES).
It also provides human resource development information and training technology service to industry and commerce to enhance their manpower capacity and in-house training, among others.
mended in the 2011 ITF Act.
The ITF provides direct training, vocational and apprentice training, research and consultancy service as well as reimbursement of up to 50 per cent levy paid by employers of labour registered with it.
It administers the Students Industrial Work Experience Scheme (SIWES).
It also provides human resource development information and training technology service to industry and commerce to enhance their manpower capacity and in-house training, among others.
mended in the 2011 ITF Act.
The ITF provides direct training, vocational and apprentice training, research and consultancy service as well as reimbursement of up to 50 per cent levy paid by employers of labour registered with it.
It administers the Students Industrial Work Experience Scheme (SIWES).
It also provides human resource development information and training technology service to industry and commerce to enhance their manpower capacity and in-house training, among others.
