ITF distributes over N13bn to 1,140 companies as reimbursement

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INDUSTRIAL Training Fund (ITF) has paid over N13 billion to 1,140 employers of labour as reimbursement between September 2016 and August 2018.

According to a release signed by Mrs Suleyol Fred-Chagu, Head Public Affairs Unit of the establishment, the Director-General Sir, Joseph Ari who disclosed this during a meeting of the ITF Reimbursement Schedule Officers in Port Harcourt, stated that the amount paid was the highest of any comparable period in the history of the Fund.

Giving the breakdown of the payment, the Director-General said between September 2016 and December 2016, the Fund paid N2,206,296,343.34 to 275 companies, N7,515,337,391.86 was disbursed to 304 companies between January 2017 to December 2017, while 216 organisations received N3,516,467,051.64 between January and August 2018.

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Sir, Ari attributed the sharp…



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