PROPOSAL TO HANDLE THE BILL PRODUCTION FOR THE NEW LAND USE CHARGE


PROPOSAL TO HANDLE THE BILL PRODUCTION FOR  THE NEW LAND USE CHARGE


INTRODUCTION:

Folsort Investment Services Limited is a Financial and Process Consulting Outfit with clients in both Private and Public Sectors of the Nigerian economy.

We write to commend His Excellency, Governor Abdulfatah Ahmed and the entire Board and management of Kwara State Internal Revenue Service for assiduously working towards enhancing the revenue generation capabilities of the State.

This is of pivot importance when we look at the dwindling income coming through the Federal Account Allocation Committee (FAAC) to States and the increasing cost of governance.

We therefore applaud the decision of the government to explore additional income potential through the newly approved Land Use Bill in the State.


OUR PROPOSAL:

We understand the critical aspects for effective and efficient operation as follows: 

1.    Enumeration
2.    Bill Production
3.    Revenue Collection

From our knowledge of progress made since the approval of the bill, we are aware the Enumeration process, which is to provide the data base upon which the overall structure would be built, is in good progress.

We are by this proposal seeking your kind approval to employ our services in the production of the Bills which by every standard are security documents that must be accorded that level of protection.

We shall be working on behalf of the State with a reputable Security Printing Outfit with versed experience in the printing of documents that require this high level of security.

Our direct role is of importance to:

1.    Safeguard undue interference between the internal staff of the State and that of the Security Printing Outfit.

2.    Mitigate production of counterfeit Bills.

3.    Protect the revenue mobilisation efforts through the Land Use Charge.


OUR PROPOSED ROLES:

1.    Recommend for the State approval a reputable Security Printing Company to handle the Bill Production.

2.    Ensure the unhindered interface between the relevant department in the State and the Security Printing Company for the transmission of necessary data generated from the Enumeration exercise.

3.    Ensure the Bills are produced by the Security Company to the agreed specification with the State.

4.    Ensure the safe and timely delivery of the Bills to designated locations in the State.

5.    Remain committed to the successful administration of the entire process which shall further include:
                       i.        Distribution of the Bills
                      ii.        Administration of the collection process
                    iii.        Enforcement of the payment process


BREAKDOWN OF COST:

Working on production of a minimum of 500,000 Bills, the breakdown of cost is as follows:


DELIVERY:

This shall be made 4 weeks from the date of final sign off.

PAYMENT:

100 advance payment.

OUR PRAYERS:

We most respectfully invite the Executive Chairman to consider for necessary approval the following to enable us commence work immediately towards an early production of the bills for the distribution to earnestly commence first week in January, 2019:

1.    That Bill production for the Land Use Charges be outsourced to Investment Services Limited.

2.    That  Investment Services Limited should immediately make a recommendation to the State of the Security Printing Company to print the Bills.
 Investment Services Limited’s nominated Security Printing Company should work with a designated department in the State for the seamless transmission of data from the enumeration exercise for the production work.

4.    That  Investment Services Limited be advised of designated locations and officers to take delivery of the Bills and other items after production.

5.  

6.    That Sixty percent (60%) of the balance be immediately paid to us as mobilization with the Forty percent (40%) balance paid upon final delivery to designated locations and officers.

We remain most grateful for giving us this opportunity to make our contribution towards the overall success of the New Land Use Bill of the State.

Please accept the assurance of our esteem regards.

Thank you.

Yours faithfully,
CEO

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