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.
Mohammed Alabi Lawal Adamu B. Yaqubu March 18 Centre For Peace And Strategic Studies Abdulrazaq Adebayo Offa Poly Iponrin Magaji Erubu Aso-ofi Grillo Sheikh Alimi Col. Taiwo Face Masks KWIRS AGF Abdulrazaq Oye Tinuoye Ileloke Mufti Of Ilorin Oko-Erin Shagari Inside Kwara Chikanda Oba David Oyerinola Adedunmoye Saadatu Modibbo-Kawu Read With Me Olabode George Towoju Okiki Reuben Paraje Azeez Salawu Kwara 2015 Oba-Solagberu Lanre Issa Onilu Hamid Bobboyi Musa Ayinla Yeketi COEASU Monthly Sanitation Exercise Bolakale Ayo Abdulkadri Ahmad Alaiye Ahman Patigi Ahmed Shuaib Buranga Sulyman Tejidini Yusuf Arowosaye Oba Sulaiman Asude Emir Of Kano Abdulmumin Yinka Ajia Yashikira Tunji Ajanaku Waheed Ibrahim Ben Duntoye Overland Aliyu Umar Kale Bayero AbdulRahman Saad Peter Amogbonjaye Bello Oyebanji Kwara Teaching Service Commission Ubandawaki Baba Adini Of Kwara State Societe Generale Bank Of Nigeria Wahab Issa Femi Gbajabiamila Abdulrahman Abdulrasaq Ibrahim Abikan CELF Tuesday Assayomo Paul Odama Sam Okaula Aliyu Kora-Sabi Samuel Adaramola Sherif Shagaya Rotimi Samuel Olujide Jimoh Lambe Abdulkareem Kaiama International Public Sector Accounting Standards Kulende-UITH Prince Mahe Abdulkadir NIRSAL

