Welcome to IoD Membership

Membership is made up of Directors and Business leaders from the public and private sectors and across diversity of enterprises in commerce, industry, services, professions, bureaucracy, etc. Membership is on Individual capacity, and provides a platform to establish and maintain contact amongst business leaders at the highest levels.

It also provides a platform to interfaces with government for the creation and entrenchment of favorable business friendly policies in seemingly challenging circumstances for the creation of wealth.

 

Membership Grades and Criteria

There are three categories of membership of the Institute

 

ASSOCIATE

To qualify as an Associate member, an applicant should be:

1. Proprietor of an incorporated business existing for a minimum of two (2) years, with evidence of at least one year statutory tax return and  audited account.

2. Senior executive of a limited liability company reporting directly to the CEO, where he is an executive for a minimum of two (2) years.

3. Senior executive not less than grade level 15 at the Federal and State Government with a minimum of two years’ experience

4. A Company director for a minimum of one (1) year and be in business for a minimum of three (3) years.

In addition to the above, the applicant must have attended IoD Nigeria Company Direction Course I.

UPGRADE

Members who are admitted into this grade will go through IoD Nigeria Company Direction Course II, be active financial member and must be active participants at Institute’s programmes within the period of three years of their Associate membership to qualify for upgrade to full membership.

Member

MEMBER

To qualify as a full member, an applicant must be:

1. Proprietor of an incorporated business existing for a minimum of five (5) years, with evidence of at least three years statutory tax return and  audited account.

2. A Company Director for a minimum of five (5) years and be in business for a minimum of five (5) years.

3. Director or equivalent not less than grade level 16 at the Federal and State Government with a minimum of five (5) years’ experience.

In addition to the above, the applicant must have attended IoD Nigeria Company Direction Course I.  

Fellow

1. For consideration a member should have been a Director of a reputable organization for not less than 10 years.

2. Have been full Member of IoD for at least five years

3. Must be financially up to date in subscription payment for not less than five years.

4. Must have attended any of the following training programmes, CDCII, ACDP or any of the Foreign Leadership Courses of the Institute

5. Be an active member of the Institute i.e.

Attends training and events of the Institute

Must be or have been a member of at least one committee of the Institute

6. Supports the activities of the Institute.

7. Does not meet the above requirement but found worthy at the discretion of the Governing Council on the recommendation of the Fellows Committee

8. A prospective Fellow, upon his/her acceptance of the nomination to become Fellow of the Institute, should have attended the Company Direction Course II or any of the other training programmes stated in ‘d’ above, before being inducted.

 

GENERAL NOTE:

For applicants from Tertiary Educational Institutions & Research Institutes, in addition to meeting general membership criteria, the following will also be considered.

* Organizational Structure (Organogram)

* Scope of operation

* Number of Staff

* Annual turn over

 

Admission Fees For New Members

(Payable only once on application together with first year’s membership fee)

  Development Levy: N 120,000
  Director’s Collection Fee: N 15,000
  Induction: N 50,000
  Capitation Fee: N 10,000
  Annual Membership Fee: N 60,000
  Annual Conference Fee: N 45,000
  Total Payable by New Member: N300,000
  Company Director Course 1 N170,000
  GRAND TOTAL N470,000