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.

Olatunde Olukoya     Donatus Ejidike     Opolo Global Innovation Limited     Abdulrazaq Solihudeen     Atiku Abubakar     Jide Ashonibare     JAMB     AGILE Programme     Computer Based Test     Amuda Aluko     Waziri Yakubu Gobir     Osi     Yusuf Abdulkadir     Olukotun Of Ikotun     Issa Oloruntogun     Yusuf Amuda Aluko     Economic And Financial Crimes Commission     Gobirawa     Afetu Of Alabe     Sheikh Ridhwanullah     Ayodele Olaosebikan     Mahmud Durosinlohun Atiku     Yomi Ogunsola     James Kolo     NNPP     Abdulraheem Olesin     Ahmed Shuaib Buranga     Ganiyu Taofiq     Government Girls’ Day Secondary School Pakata     Raimi Iyanda     Ayeyemi Sulaiman     Bayo Ajia     Universal Basic Education Commission     Binta Abubakar Mora     Victor Gbenga Yusuf     Mumeen Lah     Ridwan Agboola     Principal Private Secretary     General Tunde Idiagbon International Airport     Lafiagi     Idris Amosa Saidu     Hamza Usman     SWAN     Yahaya Oloriegbe     Olokoba Abdullahi Ayinla     Yaman     Ibraheem Adeola Katibi     Omotoso Musa     Alfa Modibbo Belgore     Mohammed Katsina Ahmed     Abioye Bello     Kola Shittu     Salihu S. Yaru     Abubakar Abdullahi Bata     KWASSIP     Jimoh Akani     Saka Aleshinloye     Abatemi Usman     Gbugbu     Wahab Olasupo Egbewole     Haruna Tambiri Mohammed     Federal Polytechnic Offa     Garment Factory     Kayode Oyin Zubair     Sidikat Uthman Ajibola     Abdulrahman Abdulrasaq     Alabi Olayemi Abdulrazak     Dagbalodo     JAAC     Moses Rahman Popoola     Oluronke Adeyemi     Jare Olatundun     Shonga Farm Project     Baaziki Sulaiman     Theophilus Oyebiyi     Fatai Adeniyi Garba     Abdullateef Abdussalam    

Cloud Tag: What's trending

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

KWAFFA     Cornelius Adebayo     KwaraLearn     Abdulraheem Olesin     Obuh     Share     Sidikat Alaya     Islamic Development Bank     Binta Sulyman     Abdulkadir Bolakale Sakariyah     State Bureau Of Internal Revenue     Bayo Mohammed Onimode     Muslim Media Watch Group Of Nigeria     Adaramaja     Yomi Adeboye     Moses Adekanye     Henry Olaosebikan     Toyosi Thomas     Busari Toyin Isiaka     Akume     Code Of Conduct Tribunal     Alaaya     Olumide Daniel Ibitoye     Joseph Yemi Ajayi     Chartered Institute Of Personnel Management Of Nigeria     Funmilayo Mohammed     Aisha Ahman Pategi     Sherif Shagaya     Oko     Jumoke Monsura Gafar     Muhammed Aliyu     Kwara Pdp     Amuda Aluko     NNPP     Abdulrahman Abdulrasak     Saliu Alamoyo     Ubandoma Of Ilorin     Kayode Yusuf     Ajase-Ipo     Basit Olatunji     United Nigeria Congress Party     Ilorin General Hospital     Women Radio     NIPR     Babatunde Ajeigbe     Saudat Abdulbaqi     Abdulmumini AbdulRazaq     Ayo Adeyemi     Coronavirus     Naira Redesign     Ola Falade     Oloye     Oba David Oyerinola Adedunmoye     Abdullahi Adisa Akodudu     Razaq Ayobami Akanbi     John Olobayo     Abdulwaheed Musa     Amina El-Imam     Sidikat Uthman Ajibola     Ajeigbe     Vasolar-Kwara Company Ltd     Ishak Mohammed Sabi     Rueben Parejo     Senate Presidency     College Of Health     Ibrahim Kayode Adeyemi     Senior Staff Union Of Colleges Of Education     Kunle Suleiman     Ajakaye     Omupo     Razaq Atunwa     Tope Daramola     NAWOJ     Ajidagba     Apado     Abdullahi AbdulMajeed     Oniwa