BPP/NSITF/ITF/PENCOM
Venturing into government contracts can be a golden opportunity for your business, but navigating the sea of required documentation can be daunting. From PENCOM to ITF, NSITF, and BPP certifications, there's a lot to manage. That's where we come in! Our expert team is here to streamline this process, helping you acquire all necessary documents with ease.
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FAQs ON BPP/NSITF/ ITF/PENCOM REGISTRATIONS
The Nigeria Social Insurance Trust Fund (NSITF) is an institution that is fully responsible for the control of the welfare of employees for work related accidents and injuries. The Employee Compensation Scheme is a form of social insurance method which provides that there should be adequate and timely compensation for employees who suffer diseases or injuries in the course of employment
It is worthy to note that the NSITF is applicable to all employers and employees in both the private and public sector in Nigeria. The employers make contributions for their staff (at no cost to the employees) to the funds by virtue of a scheme known as called employee compensation scheme.
The employer rate of contribution is 1% of the total monthly payroll, consisting of the total emoluments.
Payment of any assessment due to NSITF shall be due on the 1st January in the year for which it relates.
It is a statutory obligation under the Employee’s Compensation Act for employers to and so failure to do so will amount to a breach of the law.
To register with NSITF and obtain the Certificate of Compliance, follow these steps:
- NSITF Registration:
– Submit the registration form ECS RE 01 with company details.
– Include the Payroll Schedule Form ECS RE 03 with employee details.
- Payment to NSITF:
– After NSITF assesses staff remuneration, make the payment via Remita.
– Provide payment evidence to NSITF.
- Receipt of Certificate:
– NSITF issues a Registration Certificate after verifying payment.
- Compliance Certificate Application:
– Submit an official request letter, incorporation certificate, registration form ECS RE 01, payroll form ECS RE 03, 10-digit registration number, and NSITF receipt.
Yes, you have to renew as the NSITF Compliance certificate is issued yearly to employers
Bureau of Public Procurement (BPP) is the regulatory body responsible for monitoring, regulating, setting standards and developing the legal framework and professional capacity for Public Procurement in Nigeria.
The Bureau of Public Procurement certificate is issued to all Contractors, Consultants and Service Providers (CCSPs) already doing or intending to do business with the Federal Government of Nigeria (FGN) to apply for the BPP Certificate.
It is part of the requirements before any organization can bid for a contract.
The PENCOM certificate is issued by the National Pension Commission (PenCom) which is the body that regulates, supervises and ensures the effective administration of pension matters in Nigeria.
Industrial Training Fund (ITF) Compliance Certificate is a very important document which is required when applying for tenders, or any contracts in any Federal Government Ministries, Departments and Agencies (MDAs).
The requirements are:
Company’s certificate of incorporation
Company’s audited account
Tax clearance certificate
Company’s payroll
Completed ITF Form 7A