Kwara govt shuns critics of rice project

Date: 2012-02-08

Despite criticisms trailing the N70 billion rice cultivation, processing and packaging deal between the Kwara State government and Valsolar group from Spain, the state government has said the project has come to stay.

Senior Special Assistant to the governor on Media and Communication, Dr Muideen Akorede, in a statement made available to Gamji in Ilorin, said the project had the capacity to transform the socio-economic well-being of the government and people of the state.

The governor's aide said the N70 billion rice joint venture with Vasolar Consultoria 2006 S.L. was the product of extensive negotiations, due diligence and the approval of Corporate Affairs Commission (CAC).

"Giving the genesis of the agreement, the state government said it received a letter of intent from the Spanish investors in October 2011, seeking to partner with the state government to set up a rice cultivation, processing and packaging project in the state following a
recommendation by the Spanish Embassy in Nigeria.

"Considering that the company is undertaking similar ventures in other parts of Africa under Project Africa Rice, and in line with the government's policy of encouraging foreign direct investment, officials were subsequently dispatched to Spain to open discussions with the company," Akorede said.

The statement added that the delegation was also directed to conduct vigorous checks on Vasolar's legal status as well as access its capacity to invest the needed funds in the project.

These checks included original copies of Vasolar's Certificate of Incorporation, the articles and Memorandum of Association which were sighted and duly notarised copies obtained for the state government's record.

"Government also has duly notarised and authorised English translations of these documents which indicate that Vasolar was registered on 7 July, 2006, with registration No. B06479802 in Extre Madura Region of Spain," it read.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kola Ologbondiyan     Bashiru Makama     Kolawole Akande     Tunde Mukaila Mustapha     Rasaq Jimoh     Kehinde Boyede     JAAC     Kwara Volleyball Association     Elerin Of Adanla Irese     Abdulrazaq Solihudeen     Wale Oladepo     Aminu Ado Bayero     Neuropsychiatric Hospital     Kwara Apc     Adamu Attah     Presidential Election     Bamidele Adegoke Oladimeji     Ayoade Akinnibosun     Saka Asiat Ayinke     Idris Garuba     Damilola Yusuf Adelodun     Deji Ajani     Ajibola Saliu Ajia     Shehu Salau     Na\'Allah     Bola Olukoju     Emir Of Yashikira     Mohammed Katsina Ahmed     Awili Pedro     Mazars Consulting     Yahaya Jibril Usman     Babatunde Ajeigbe     Yahaya Seriki     Raymond Olaitan     BECE     Olushola Saraki     Chief Imam Of Omu-Aran     International Public Sector Accounting Standards     Government High School Adeta     Labour Party     Laduba     Kwha.gov.ng     Joseph Yemi Ajayi     Ethical College     IEDPU     Kupchi Hosea Maxwell     Tsaragi/Share     Bukola Ajikobi     CLAY POT     Ibrahim Oloriegbe     Muritala Olarewaju     Opobiyi     Ubandoma Of Ilorin     Eleja Taiwo Banu     Musa Ayinla Yeketi     Salmon Babatunde Salmon     Mohammed Abduraheem     NaAllah     Taofik Abdulkareem     Ilorin Likeminds Foundation     Raliat Elelu-Habeeb     Timothy Akangbe     KWAFFA     Memunat Monsuma     Arinola Fatimoh Lawal     Toyin Abdullahi     Ibrahim Abdullahi     Funmilayo Mohammed     Mike Omotosho     Tinubu Legacy Forum     Charles Ibitoye     Local Government Pension Board     Yusuf AbdulRasheed     Abubakar Abdullahi Bata     Alaiye     Ilesha-Baruba     Olayinka Olaogun    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Alfa Modibo Belgore     Ahmed Shuaib Buranga     Rotimi Atere     Abdulganiyu Oladosu     Idowu Laro     Abdulfatai Baakini     KWAFFA     Sa\'adu Gambari     MMWG     Oloye     Balikis Jawondo     Balogun Fulani     Vasolar Consortium     Saliu Alamoyo     Olayinka Jelili Yusuf     IEDPU     Folajimi Aleshinloye     Students Union Government     Hauwa Nuru     Saudat Abdulbaqi     Ademola Kiyesola     Road Transport Employers Association Of Nigeria     Musa Ayinla Yeketi     Mamatu Abdullahi     Saduki Lafiagi     Ilorin East/South Federal Constituency     Nagode     Kwara State Fish Farmers Association     Muhammad Sirajo Aliyu     Ahmed Ayinla Jimoh     Quranic Recitation Competition     Abdulsalam A. Yusuf     Tunde Kazeem     Mohammed Haruna     Oba Abdulkadir La\'aro     Fareedah Dankaka     Lanre Issa Onilu     Kola Shittu     University Road     Salihu S. Yaru     Wole Oke     Mary Kemi Adeosun     Adam Abdullahi Al-Ilory     Bareke     Kayode Oyin Zubair     Amada Jidda     Rotimi Samuel Olujide     Ashiru     Offorjama     Ohoro Of Shao     Sebastine Obasi     Basic Education Certificate Examination     ER-KANG Mining Nigeria Company Limited     Ilorin Metro Park     Micheal Imoudu     Ita-Ore     Iyeru Grammar School     Ibraheem Adeola Katibi     Yakubu Danladi     Demola Banu     Chemiroy Nigeria Limited     Yomi Adeboye     Bio Ibrahim     HICA     Ado Bayero     Folorunsho Alao     Yusuf Ali     Government High School (GHS), Adeta     Ebun-Olu Adegboruwa     Afusat Nike Ibrahim     Iyabo Adewuyi     Olubukola Kifayat Adedeji     Sheu Ndanusa Usman     Federal Allocation     Yemi Sanni     Vasolar     Baba Issa