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.

Saidu Kawu     Saliu Alamoyo     Medview Airlines     Riskat Opakunle     Al-Hikmah University     Olokoba     Saba Mamman Daniel     Societe Generale Bank Of Nigeria     Saad Omo Iya     Arca Santa     Henry Olaosebikan     Oluranti Idowu     Bayo Onimago     Oluwole Dupe     Kwara Restoration Project     Joana Nnazua Kolo     Owu Fall     LABTOP     Abdulfatai Ahmed     John Kehinde Salako     Aliyu Olatunji Ajanaku     Col. Taiwo     Salman Alada     Veterinary Teaching Hospital     UNILORIN Alumni Association     Yashikira     RTEAN     AbdulQowiy Olododo     Demola Banu     Sa\'adu Gambari     Raliat Islamic Foundation     Sa\'ad Alanamu     Sheikh Ridhwanullah     Abdulquawiy Olododo     Adebayo Mohammed Kamaldeen     Saka Asiat Ayinke     Jamila Bio Ibrahim     Edu     Oloje     Awwal Jawondo     Elewu     Moses Adekanye     Micheal Imodu-Ganmo Road     Ayinde Oki     Alabere     Damilola Yusuf Adelodun     Saba Jibril     Amada Jidda     Muhammed Aliyu     Gbemi Saraki     Dauda Adeniran Adeshola     Ishaq Oloyede     Gambari     07039448763     Iponrin     International Aviation College     Ayodele Shittu     Mustapha Olanipekun     Ilorin     Salau Kabiru Abdullahi     Ahmed Bayero     National Association Of Nigerian Students     Egbejila     Salihu Ajia     Bola Tinubu     Doyin Group     Abdullahi AbdulMajeed     Abdulrasheed Na\'Allah     AIT Ilorin     Olumide Daniel Ibitoye     Garba Ayodele Wahab     Bello Bature     Pakata     Rasheed Jimoh     Kunle Suleiman     Ope Saraki     KWASSIP    

Cloud Tag: What's trending

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

Muhammad Yahya     Facemasks     International Aviation College     Shuaib Jawondo     Olusola Saraki     Bluenile Associates     LABTOP     Saheed Akinwumi     CUTI     Al-Adaby     Saka Saadu     Chief Imam Of Offa     Barakat Community Secondary School     Radio SBS     Taofik Abiodun Ahmed     Ilorin South     Hamid Bobboyi     Olomu Of Omu-Aran     Biliaminu Aliu     Laolu Saraki     AbdulGaniyu Kareem     Bola Tinubu     Democracy Day     Abubakar Baba Sulaiman     Agor     COVID     University Road     Kwara Central     MalHub     Umar Ahmed Gunu     Assayomo     Khadijat Ayoola Yusuf     Ishak Mohammed Sabi     Olokoba Abdullahi Ayinla     Bamikole Omishore     Plat Technologies Limited     Habeeb Saidu     Olusegun Adeniyi     Monthly Sanitation     Zara Umar     Baba Isale     Elerin Of Erin-Ile     Joana Nnazua Kolo     Kpotum Mohammed Baba     Yakubu Mohammed Abdullahi     Abdullahi Adisa Akodudu     Otoge     Lanre Issa-Onilu     Aremu Bose Deborah     Lithium Deposit     COEASU     Benin Republic     Olabimpe Olani     Olatunji Abdulmumeen     Fatai Adeniyi Garba     Y.A. Abdulkareem     Lanre Badmas     Elerinjare     Mike Omotosho     AbdulKareem Yusuf Danhawa     Abiodun Oyedepo     JAAC     Theophilus Oyebiyi     Joseph Bamigboye     Jide Oyinloye     Suleman Abubakar     Olaoye B. Felix     Adamu Jemilat-Baki     Abubakar Olusola Saraki     ENetSuD     Tunde Mukaila Mustapha     Jaigbade Alao     Coronavirus     Col. Ibrahim Taiwo     Femtech     Kamaldeen Ajibade     Lukman Adeloyin