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.

Federal College Of Education (Special), Afon     Pilgrims Board     Tanke Flyover Bridge     Saba Jibril     Patience Jonathan     Kale Bayero     Plat Technologies Limited     Funmilayo Braithwaite     Rasheed Jimoh     IEDPU     Oba Abdulrahim     Ojuekun     Halimah Perogi     Coalition Of Kwara North Groups     Razaq Ayobami Akanbi     Aremu Odolaye     Alimi Abdulrazaq     Irepodun     Opolo Global Innovation Limited     Wahab Agbaje     Sulu Babaita Isiaka     Kwara State Branch Of The National Library     Binta Abubakar Mora     Siddiq Adebayo Idowu Salawu     SAPZ Project     Offorjama     Temi Kolawole     Babata     Abubakar B.M     Afetu Of Alabe     N-Power     Oye Tinuoye     Ilesha-Baruba-Gwanara     Amule Elementary School     All Peoples Party     UNILORIN Alumni Association     Olayinka Jelili Yusuf     Bisi Kristien     Tafida     Flights To Ilorin     Apado     Umaru Saro     Sulyman Buhari     Park     Umar Bayo Abdulwahab     Ahmed \'Lateef     Ekiti     Ahmed Dankaya     Government Girls’ Day Secondary School Pakata     Kazeem Adekanye     Muhammad Ghali Alaaya     Ilorin Central Mosque     Kwara Metro Park     Mazars Consulting     Muritala Awodun     HAMFAT Clinic And Maternity     Abiodun Abdulkareem     Adaramaja     Orisun Igbomina     Abdulfatai Salman Baakini     Gbugbu International Market     Abdulsalam A. Yusuf     COEASU     Moses Salami     Kwara State Television (KWTV)     Muhammed Akanbi     Ilorin Like-Minds     Issa Memunat Moyosore     UNILORIN Alumni     Suleiman Yahya Alapansapa     Adekunle David Dunmade     Samuel Adedoyin     Kpotum Mohammed Baba     Christopher Ayeni     Ibrahim Mashood     College Of Health     IESA    

Cloud Tag: What's trending

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

Olusin Of Ijara Isin     Yakubu Shaaba     Omu Aran     Abdulquawiy Olododo     Onilupeju Of Ilupeju     Kpotum Mohammed Baba     Okala Baba     Ibrahim Labaika     Simeon Sayomi     AbdulRasaq Abdulmajeed Alaro     Mutawali     Yusuf Lawal     Bashirat Bola Bello     Yeketi     Offorjama     Yakub Ali-Agan     Kale Belgore     Reuben Paraje     Nigerian Correctional Service     Jimoh Saadudeen Muhammed     Victor Gbenga Yusuf     Alaro     Ubandoma Of Ilorin     Saba Mamman Daniel     Is\'haq Modibbo Kawu     Saheed Alakoso     Quareeb Islamic Association     Irepodun     Offa Metropolitan Club     Tinubu     Ibrahim Abiodun     Mustapha Olanipekun     Ilorin General Hospital     Alabere     Ebola     Saliu Ajibola Ajia     Yusuf Babatunde Abdulwahab     Zara Umar     Kunle Suleiman     Ilesha-Baruba-Gwanara     Otoge     Oni Adebayo     Katibi Ibraheem Adeola     AbdulRahman Saad     Olabanji Orilonishe     Ayeyemi Sulaiman     Okanlawon Taiwo     Gani Saadu     Kamaldeen Gambari     Alapado     Tafida Of Kaiama     Dogara     Imodoye Writer’s Enclave     Abdulganiyu Oladosu     Balogun Fulani     Alikinla     Babata     Ganmo     Agboola Abdulraheem     First Lady     Centre For Digital Economy     Labaeka     Amos Bajeh     Oba Sulaiman Asude     Makama Of Ilorin     Tricycle Owners Association Of Nigeria     V.O. Abioye     Elelu     Oyedepo     Lanre Olosunde     Chief Imam Of Ilorin     Chikanda     Isa Aremu     Muritala Awodun     Matthew Babaoye     Abdullahi G. Mohammad     Maigida Soludero Transit