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.

Samuel Adedoyin     Oloje     March 28     Sam Onile     Just Law Forum     Kwara Polytechnic     REO CAKES     Mustapha Akanbi     Tunji Olawuyi     Bank Of Industry     Hausa     Yusuf A. Usman     Ilorin Innovation Hub     Adamu B. Yaqubu     Olofa Of Offa     Share/Tsaragi     Neuropsychiatric Hospital     Kwara TV     Lola Olabayo     Sa\'adu Salahu     Abraham Ojo     Muhammed Danjuma     Razak Atunwa     Laboratory-to-Product     Sabo-Oke     Yahaya Oloriegbe     Salau Kabiru Abdullahi     Mohammed Lawal     Tunde Oyawoye     Dele Belgore     Abdul Jimoh Mohammed     Saadatu Modibbo-Kawu     Ishola Moses Abiodun     Abdulmajeed Wahab     Aliyu Kora Sabi     Mohammed Abduraheem     Bamikole Omishore     Idowu Aremu     Yinka Aluko     Mohammed Haruna     Ita-Ore     Tafida Of Ilorin     Ilorin West/Asa Federal Constituency     Stephen Fasakin     Kwara Coalition Of Business And Professional Associations     Toyin Olayinka Tejidini     Hamid Bobboyi     Orisun Igbomina     KW-GIS     Aisha Gobir     Abdulazeez Uthman     Ope Saraki     Segun Olawoyin     Adamu Ibrahim Sabi     Www.Kwarareports.com     Ghali Alaaya     Yoonus Lawal     Belgore     Budo Egba     Ahmed Alhasssan     Maimunat Oniyangi     Academic Staff Union Of Universities     Kawu     Ahmed Bolaji Nagode     Haliru Dantoro     Aro Yahaya     Frootify     Aliyu Muyideen     Oluronke Adeyemi     Eghe Igbinehi     Muhammad-Mustapha Suleiman     CACOVID     Musbau A. Akanji     MalHub     Shoprite     Dogara     Read With Me    

Cloud Tag: What's trending

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

Abikan     JAMB     NURTW     UITH     Kamaldeen Ajibade     Abdulfatai Baakini     Funmi Salau     Mahmud Ajeigbe     Abdulraufu Mustapha     Adamu Attah     Mohammed Katsina Ahmed     Elerinjare-Ibobo     Hajj     JAAC     Oye Tinuoye     Idiagbon     Susan Modupe Oluwole     Oloruntoyosi Thomas     Dasuki Belgore     Mohammed Haruna     Femi Gbajabiamila     Michael Nzekwe     Ubandoma Of Ilorin     Idowu Aremu     Mutawalle     Abdulquowiyu Olododo     Wasiu Onidugbe     Olomu     Kamaldeen Kehinde     Muhammed Taofeeq Abdulrazaq     Elerin Of Erin-Ile     Akanji     Ajikobi     Naira Redesign     Bisi Oyeleke     Sheriff Olanrewaju     Mohammed Tunde-Jimoh     Falokun-Oja     Olanrewju Okanlawon Musa     Michael Ologundea     Abdulkareem Alabi     Ibrahim Kayode Adeyemi     Sebastine Obasi     Kwara State Fire Service     Yakub Lai Gobir     Garba Ayodele Wahab     NTA Ilorin     Hassanat Bello     Oba David Oyerinola Adedunmoye     Sadiq Buhari     Saadu Gbogbo Iwe     Fatai Garuba Labaka     Bayo Mohammed Onimode     Niyi Osundare     Abubakar Abdullahi Bata     Suraj Tunji Oyewale     AbdulFatai Adeniyi Dan-Kazeem     Isiaka Alikinla     Jeunkunu-Malete-Bani     Toyosi Thomas     Amos Bajeh     Ethical College     Abdulrahman Iliasu     Kwara United     Babs Iwarere     Hassan Taiye Salam     Olusegun Adeniyi     Madawaki Of Ilorin     Apaola     3MTT     Samuel Adaramola     Olatunde Oyeyiola     Kwara Central     Sola Saraki University     Olokoba     Okin Biscuit     Farouk Salim