Kwara govt shuns critics of rice project
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Code Of Conduct Bureau Jimoh Bashir Henry Olaosebikan Ishaq Abdulkarim Muhammed Abdullahi Ijakadi National Association Of Nigerian Students Olusegun Adeniyi Shuaib Abdulkadir Special Agro-Industrial Hub Atunwa Musibau Akanji Yoonus Lawal AIT Ilorin Apaola Kwara State Television Government High School Adeta Kwara State Sports Commission Modibbo Kawu Waziri Yakubu Gobir Moshood Kashimawo Abiola Adaramaja Tunde Saad Afusat Nike Ibrahim Asa LGEA School Yusuf Amuda Gobir Ben Duntoye Isaac Gbenle Bibire Ajape Sulyman Buhari Okeose Christian Cementary Chikanda Eghe Igbinehin Age AbdulKareem Alloy Chukwuemeka Kayode Ishola Adama Isa Simon Sayomi Alumni Association Of The Federal Polytechnic Offa IQRA College Ayo Salami Hassan Saliu Olatomiwa Williams United Nigeria Congress Party Funmilayo Braithwaite Baruba Hakeem Idris Bukola Saraki Baba Isale Ndakene Onilu Galland Marcias Sam Okaula Akeem Lawal Riskat Opakunle Musbau A. Akanji Kassim Babamale Ilorin Likeminds Foundation Rebecca Olanrewaju CUTI Saadu Alanamu Elections Ishola Moses Abiodun Rotimi Samuel Olujide Kannike Emmanuel Bello Toyin Falola Aremu Bose Deborah Government High School (GHS), Adeta Ojo Fadumila Ilorin South Constituency UNILORIN Alumni Hassan Abdulazeez Elewu Millennium Development Goals JAMB Abiodun Jacob Ajiboye Zainab Abass

