NHF & Statutory Contributions — Regulatory Reference¶
Last reviewed: 2026-04-01
NHF (National Housing Fund)¶
| Item | Detail |
|---|---|
| Rate | 2.5% of basic salary |
| Authority | Federal Mortgage Bank of Nigeria (FMBN) |
| Due date | Within 1 month of deduction |
| Penalty | ₦50,000 for non-compliance |
| Portal | FMBN iBank (ibank.fmbn.gov.ng) |
| Applies to | Employees earning ₦3,000+ per annum (virtually all) |
Purpose¶
NHF contributions are pooled to provide affordable housing loans to contributing employees through the National Housing Fund. Employees who contribute for a minimum period can apply for mortgage loans at subsidised rates.
Opt-in in Finora¶
NHF is opt-in per employee. Enable NHF in the Employees tab of PAYE Returns. When enabled, the NHF Schedule in the Schedules tab will populate automatically.
NHIS (National Health Insurance Scheme)¶
| Item | Detail |
|---|---|
| Rate | Varies by HMO plan (typically 1.75% employee + 3.25% employer) |
| Authority | National Health Insurance Authority (NHIA, formerly NHIS) |
| Due date | Monthly to registered HMO |
| Portal | Submitted directly to HMO |
| Applies to | Employees enrolled in employer's health plan |
Purpose¶
NHIS provides health insurance coverage to employees. The employer registers with a Health Maintenance Organisation (HMO), and contributions fund medical coverage for employees and their dependants.
Opt-in in Finora¶
NHIS is opt-in per employee. Enable NHIS in the Employees tab. When enabled, the NHIS Schedule in the Schedules tab shows contributions.
ITF (Industrial Training Fund)¶
| Item | Detail |
|---|---|
| Rate | 1% of annual payroll |
| Authority | Industrial Training Fund |
| Applies to | Employers with 5+ employees OR turnover ≥ ₦50M |
| Note | Not currently tracked in Finora |
Purpose¶
ITF funds vocational and industrial training programmes. Employers who contribute can claim reimbursement for approved training expenditures (up to 50% of contribution).
PAYE Interaction¶
Both NHF and NHIS contributions are deducted from gross income before calculating PAYE, similar to pension:
Taxable income = Gross − CRA − Pension − NHF − NHIS
This reduces the employee's PAYE liability.
Where This Appears in Finora¶
- PAYE Returns → Employees tab — NHF and NHIS enable/disable per employee
- PAYE Returns → Schedules tab — NHF Schedule (FMBN, export Excel) and NHIS Schedule (HMO, export CSV)
- NHF Schedule links to ibank.fmbn.gov.ng; NHIS directs to "Submit to your HMO"