ASSESSING THE CONTRIBUTION OF INDUSTRIAL TRAINING FUND IN MANPOWER DEVELOPMENT IN NIGERIA

ASSESSING THE CONTRIBUTION OF INDUSTRIAL TRAINING FUND IN MANPOWER DEVELOPMENT IN NIGERIA (A CASE STUDY OF ITF EMENE)

ABSTRACT

This project undertakes a comparative study of assessing the contribution of industrial training fund n manpower development of Nigeria with references to ITF Emene. The researcher made use of a very developed questionnaire and distributed it by himself. The population for the study consists of staff draw from vital department of ITF Emene. The departments are: Top management, Middle management and Lower management. The entire population of this study was staff and 40 staff responded to the request of the researcher. The source of gathering data further study was through primary and secondary data. The primary source consists of oral interview while the secondary data consist of information gotten from contributing companies, ITF seminar paper presented at conference meeting, library and test books. Data collected were recorded and grouped in tables for easy references. The researcher’s findings of the study had it that the major criticisms of the fund by the contributing companies were in the area of reimbursement, training time and scope of training. From the findings, the researcher recommended that ITF should increase the reimbursement, rate and period of training time and should monitor the performance of training. Conclusion is that it has been argued that proper utilization f an effective industrial training fund is vital for any organization. Also, the profitability of any organization depends to a large extent on the satisfaction of the aspiration of the trainees. Finally, industrial training fund achieved the extent of progress because they are seen as the blood wire that fuels the engine of the organization.