Business · Nigeria
Register as an employer (PENCOM, NSITF, ITF)
Statutory employer compliance for a business with staff: pension (PENCOM via a PFA), employee compensation (NSITF) and industrial training (ITF). Also the trio of compliance certificates needed to bid for government contracts.
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Who you will deal with
The steps
- Register for pension (PENCOM via a PFA)
- National Pension Commission (PENCOM)
- Mandatory for employers with 3+ staff. Submit documents to a Pension Fund Administrator (PFA), who forwards them to PENCOM for an employer code. Contributions: minimum 10% employer + 8% employee = 18% of monthly emoluments.
- Certificate of Incorporation; TIN; letter requesting employer code
- Employer code issued via PFA
- Register for employee compensation (NSITF)
- Nigerian Social Insurance Trust Fund (NSITF)
- Register under the Employees' Compensation Scheme (work injury/accidents). Contribution: 1% of total monthly gross payroll, paid by the employer only, due the last working day of each month.
- Company & payroll details
- Monthly remittance
- Register with the Industrial Training Fund (ITF)
- Industrial Training Fund (ITF)
- Register using Form 7A. Qualifying employers contribute 1% of annual total payroll to the Fund.
- Form 7A; Certificate of Incorporation; audited accounts; tax clearance
- Annual contribution
- Obtain compliance certificates
- PENCOM / NSITF / ITF
- Obtain the PENCOM e-PCC, NSITF Compliance Certificate and ITF Training Compliance Certificate — required together (with the FIRS Tax Clearance Certificate) to bid for government contracts.
- Evidence of remittances
- Per certificate
Also in business
The numbers behind the decision
Knowing the process is half of it. ONYX also tracks the operating environment you are entering — daily grid generation, official FX, state-level input prices and inflation, and sector output — each figure source-linked and dated.