• About
  • Advertise
  • Careers
  • Contact Us
Friday, July 4, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home News

ITF Advocates for Enhanced Capacity Building for Economic Empowerment

by Techeconomy
February 27, 2024
in News
0
Industrial Training Fund - ITF
Industrial Training Fund - ITF

Industrial Training Fund - ITF

UBA
Advertisements

The Abeokuta Area Office of the Industrial Training Fund (ITF), the foremost Human Capital Development agency in Nigeria, hosted its maiden edition of the Breakfast Meeting with Stakeholders in Ota, Ogun State, on February 22nd, 2024.

Themed “Building Capacity to Thrive in a Rapid Evolving Economy,” the event brought together captains of industries, representatives from government agencies, academia, and the media to discuss critical issues and opportunities in skills development for the future.

Industrial Training Fund
Advertisements
MTN ADS
L-R: Chris Uzoalu, General Manager (HR) CROWNPACK Nigeria Ltd; Mrs. Bolanle Ajibade, Area Manager ITF Abeokuta Area Office; Adebowale Oyejola Oyeneye Permanent Secretary, Bureau of Public Service Reforms; and Boniface Ndubuaku, HR Farmex Meyer Ltd, Ota, at the Industrial Training Fund (ITF) Abeokuta Area Office Breakfast Meeting with Stakeholders held at Covenant University Ota on Wednesday, 22nd February, 2024.

During her welcome address, Mrs. Bolanle O. Ajibade, area manager and deputy director of the ITF Abeokuta Area Office, reiterated the agency’s core mandate: to facilitate, champion, and foster skills development within the Nigerian industrial and commercial landscape.

According to her, “The ITF has significantly impacted the lives of Ogun State indigenes, aiming to mitigate youth restiveness and alleviate poverty in the state. Through initiatives like the National Industrial Skills Development Programme (NISDP), Federal Government Skills Empowerment Programme (FEGOSEP), Skills Training and Empowerment Programme for the Physically Challenged (STEPP-C), Construction Skills Empowerment Programme (CONSEP), Women Skills Empowerment Programme (WOSEP), Agripreneurship Skills Empowerment Program (AGSEP) the agency has demonstrated commitment to empowering young people within the state.”

She highlighted that the ITF-National Economic Recovery Growth (ITF-NERGP) has commenced training of 100 Ogun state indigenes on Welding, Electrical, Tiling, Carpentry and Crop Production after which they will undertake internship and thereafter be certified by the relevant bodies.

Through the Skill-Up Programme for Artisans (SUPA), which is an initiative of the Director General/Chief Executive of ITF, Dr. Afiz Oluwatoyin Ogun, ITF has also provided an avenue to empower Artisans with tech-enabled skills training, licensing, and access to essential toolkits, promoting industry standard excellence.

In addition, ITF is mandated to certify and licence their trade areas to qualify them to work both nationally and internationally while exposing their skills to other parts of the world, to companies in the nation through NECA and other bodies and becoming employers of labour with the support of Federal Ministry of Industry, Trade and Investments and ITF.

Mr. Adebowale Oyeneye, permanent secretary, Bureau of Public Service, served as the guest speaker, delivering an insightful presentation on the challenges and opportunities presented by the rapidly evolving economy.

He emphasised the need for investing in education systems, promoting vocational training, encouraging R&D, supporting startups and entrepreneurs, and fostering collaboration between various stakeholders to build a resilient and adaptable workforce.

The key recommendations from the discussions included: Investing in Technical and Vocational Education and Training (TVET) and STEM education to prepare individuals for future job demands; Promoting vocational training programs to develop a skilled workforce aligned with industry needs; Encouraging R&D to foster innovation and technological advancements; Supporting startups and entrepreneurs through funding, mentorship, and incubators; Establishing a business-friendly environment with favourable policies and regulations; Fostering collaboration between public and private sectors, academia, and civil society; Implementing robust monitoring and evaluation to assess the effectiveness of capacity-building initiatives.

Industry leaders like Mr. Chris Uzoalu of Crownpack Ltd. and Mr. Ikmot of Honda commended the ITF for the initiative, highlighting the importance of knowledge sharing, collaboration, and continuous learning in navigating the dynamic economic landscape.

They called for expanding such programs to reach a wider audience, including communities, academia, and the informal sector.

“It has been a very robust engagement, and I feel this should be done often to close the information gap between the ITF and the industry. We have come to understand that without capacity building, you can’t sustain factories and if you can’t sustain factories, you can’t sustain the community. Additionally, there is a  need for training and retraining of employees, and we must take advantage of the wealth of knowledge and experience of expatriates brought into the country.” remarked Chris Uzoalu, General Manager (HR) CROWNPACK Nigeria Ltd.

The ITF’s Breakfast Meeting served as a valuable platform for dialogue and collaboration, bringing together key stakeholders to address the crucial issue of skills development in the face of rapid economic change. The agency’s commitment to empowering individuals and fostering a thriving industrial landscape was evident throughout the event, and the recommendations generated promise to guide future efforts in building a more skilled and adaptable workforce for Nigeria.

The Industrial Training Fund (ITF) is a statutory body of the Federal Government of Nigeria established under the Industrial Training Fund Act No. 47 of 1971 to provide, promote and encourage the acquisition of skills in industry and commerce with a view to generating a pool of indigenously trained manpower sufficient to meet the needs of the public and private sectors of the economy.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: (STEPP-CCONSEPFEGOSEPIndustrial Training FundITFITF-NERGPNISDPSUPAWOSEP
Techeconomy

Techeconomy

Next Post
SMEs and sustainability | National Debts - AdobeStock

SMEs and Independent Contractors Could Fuel SA’s Economic Turnaround 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Leadway Pensure appoints new CEO - Olusakin Labeodan

Leadway Pensure Appoints Olusakin Labeodan as CEO

1 year ago
HEDA, MTN Nigeria says Award of Tower Contract to ATC is final

ATC Masts: Court Refuses to Dismiss HEDA Case against MTN, Others

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.