The Industrial Training Fund (ITF) has projected N66.4 billion as revenue for the 2024 fiscal year.
The agency said it raked in N51.344 billion as of the third quarter of 2023, surpassing the year’s N48.8 billion projected revenue.
The Director-General of the Fund, Dr Afiz Oluwatoyin Ogun stated this yesterday at an interface with the Senate joint committee scrutinising the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
The ITF boss, who made the submissions through the agency’s Director of Finance and Accounts, Safiya Atta Mansoor, said out of the generated revenue, N14 billion had been remitted into the Consolidated Revenue Fund.
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In beefing up revenue generation for the agency, the ITF DG informed the committee members that the National Artisans Registration and Development Programme would soon be put in place for the registration of artisans across the country and facilitating their operations corporately.
“I observed that artisan jobs in the country have been taken over by Beninoises, Ghanaians and Togolese, which should not be so because there is no job Nigerians cannot do.
“To stem the tide, ITF under my leadership, would soon put in place the National Artisans Registration and Development Programme to register our artisans and position them for jobs due to them,” he said.
The joint committee, however, tasked the agency to direct its finance department to tidy up slight discrepancies observed in the reports submitted to it.
