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.

David Oyepinola Adedumoye     Kwara Hotel     Kwara State Pension Board     Sadiq Umar     Read With Me     Yusuf Amuda Gobir     Olokoba Abdullahi Ayinla     Ilesha Gwanara Road     Damilola Yusuf Adelodun     Ibrahim Bio     Magaji Are     Sidikat Alaya     Shoprite     JAMB     Abubakar Baba Sulaiman     Yahaya A Paniyaro     11th Galadima     Abikan     Modupe Oluwole     3MTT     Yakubu Shaaba     Lanre Aremu     Okin High School     Tafida     Makama Of Ilorin     Soffiyyallah Kamaldeen     Kayode Ogunlowo     The Herald     Aliyu Salihu     Iponrin     Otunba Taiwo Joseph     ANCOPPS     ARMTI     Ndakene     2023 Elections     Ahman Patigi     Salaudeen Oyewale     April 11     Nigerian Supreme Council For Islamic Affairs     Law School Scholarship     Ibrahim Issa Jetti     Babatunde Idiagbon     Mohammed Jimoh Faworaja     Segun Ogunsola     Arinola Lawal     Mohammed Alabi Lawal     Obayomi Azeez     Asa LGEA School     Amosa     AbdulRazaq Abubakar Jiddah     Ubandawaki     Tinubu Legacy Forum     Olanrewju Okanlawon Musa     Innocent Okoye     Olukotun Of Ikotun     Muhammed Aliyu     Radio SBS     Kisra     Lanre Olosunde     Opolo Global Innovation Limited     Babatunde Ishola Babaita     Ibrahim Akaje     Ganiyu Taofiq     Y.A. Abdulkareem     Bamidele Adegoke     Yoonus Kola Olatinwo     Sunday Fagbemi     Ilorin South     Shuaib Boni Aliyu     Dairo Kunle Paul     Junior Secondary School Certificate Examinations     Col. Ibrahim Taiwo     Jimoh Lambe Abdulkareem     Mahmud Babatunde Baker     NAWOJ     Isiaka Oniwa     Dorcas Afeniforo    

Cloud Tag: What's trending

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

Mustapha Akanbi     Kumbi Titilope     Bello Taoheed Abubakar     Ajase-Ipo     Ibrahim Taiwo     Lasiele Alabi Yahaya     Olaitan Adefila     Ayo Opadokun     Marufat Oladosu     Seed Technologies     Sarkin Malamai     Just Event Online     Baba Idris     Chief Imam Of Ilorin     Fatai Olodo     Yahaya Abdulkareem Babaita     Ilorin Descendants Progressive Union     Haruna Olawale Sulaiman     Apaola     Yakubu Mohammed Abdullahi     Ibrahim Bio     Magaji Are     Kwara Coalition Of Business And Professional Associations     Kwara State Pension Board     Village Alive Development Association     Atiku     Kawu Baraje     Niguel Gallando Marcias     Ahmad Ali     Kwara NIPR     UITH     Alliance For Democracy     Oluranti Idowu     Yusuf Aiyedun     Adebara     Ayekale     AbdulRazaq Abubakar Jiddah     Unilorin FM     Gani Saadu     Afetu Of Alabe     Afolabi-Oshatimehin Adenike Harriet     Musibau Akanji     Wahab Kunle Shittu     2017 Budget     Olaiya Zuberu     Rasheed Jimoh     Isapa     Yusuf Mubarak     Abdulsalam Firdaous Amosa     Ilorin East     Ado Ibrahim     Mohammed Yahaya Barki     Na\'Allah     Forgo Battery Company Limited     Mohammed Abdulahi     Olushola Saraki     Oloruntoyosi Thomas     Amoyo     Public Holiday     Abatemi Usman     Sa\'adatu Modibbo-Kawu     Aisha Ahman-Pategi     Mohammed Abduraheem     Ronke Adeyemi     Idris Amosa Saidu     Saba Mamman Daniel     AbdulHakeem Ajibola Akanbi     Saliu Ajibola Ajia     Afolayan     Ibrahim Akaje     Olatunji Abdulmumeen     Isiaka AbdulRazaq     Kwara 2015     Ubandawaki     Ayodele Kuburat Olaosebikan     Mary Kemi Adeosun     Belgore