THE IMPACT OF APPRENTICESHIP TAX CREDITS ON VOCATIONAL TRAINING PARTICIPATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT: The Impact of Apprenticeship Tax Credits on Vocational Training Participation investigates the influence of tax incentives on the engagement of individuals in vocational training programs. This study examines how apprenticeship tax credits stimulate employer investment in vocational education and attract participants to vocational training opportunities. The objectives were: to assess the effectiveness of apprenticeship tax credits in promoting vocational training participation, to analyze the economic impact of tax incentives on employer decisions to hire and train apprentices, and to identify barriers and facilitators to the utilization of apprenticeship tax credits in Nigeria. A survey research design was employed to collect data from employers, vocational training providers, and apprentices, offering insights into perceptions and experiences related to apprenticeship tax credits. A sample size of 200 respondents was selected purposively to include stakeholders from diverse industries across Lagos State, Nigeria, known for its active vocational training sector. The case study focused on selected companies participating in the Industrial Training Fund (ITF) apprenticeship scheme, providing specific examples of tax credit utilization. Findings indicated that apprenticeship tax credits significantly increased employer willingness to invest in vocational training, thereby enhancing workforce skills and employability. It is recommended that policymakers should enhance awareness of tax incentives, simplify application procedures, offer incentives for small and medium-sized enterprises (SMEs), and foster collaboration between government agencies, industry bodies, and educational institutions to optimize the impact of apprenticeship tax credits on vocational training participation.
