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.

Salary     Oniyangi     Sango-UITH Road     KWASAA     Ilorin Amusement Park     Saliu Shola Taofeek     Post Utme     Atiku Abubakar     Noah Yusuf     Chief Of Staff     FOMWAN     Ahmed \'Lateef     Idowu Laro     Saraki     Mope Dasuki Belgore     Government High School (GHS), Adeta     Soffiyyallah Kamaldeen     Joshua Adeyemi Adimula     Oladipo Akanmu Tolani     Okanlawon Musa     Abdulhakeem Adelaja Amao     Babata     Ohoro Of Shao     Amosa     John Olajide Adedipe     Federal Polytechnic Offa     Ahmad Olayiwola Kamaldeen     HYPPADEC     Kunle Suleiman     Hassan Saliu     Arinola Fatimoh Lawal     Idris Garuba     Femi Gbajabiamila     Joseph Offorjama     Kwara 2019     Bashir Badawi     Kamoru Kadiri     Yusuf Olaolu Ali     Tunji Folami     Ayekale     Federal Neuro-Psychiatric Hospital     NaAllah     Muhammadu Buhari     Yashikira     Egbejila     Yusuf Ibitokun Sherifat     Orisa Bridge     Twitter     Olabanji Orilonishe     Afusat Nike Ibrahim     Abubakar Bature Sulu-Gambari     Akande Idowu Ayoola Muhammed     Garment Factory     Adamu Atta     Bola Sagaya     Ibrahim Abdulqadir Abikan     Kehinde Boyede     Bursary     Mohammed Yahaya Barki     Oasis Muslim Care Foundation     General Hospital     Isiaka Saka Opobiyi     Oke-Ogun     Centre For Digital Economy     Dele Momodu     Yusuf Amuda Abubakar     Bello Oyedepo     Makama Of Kaiama     Yusuf Arowosaye     Ibrahim Abdullahi     Wahab Agbaje     Elerinjare-Ibobo     IEDPU     Coronavirus     Raji AbdulRasaq     Abdulwahab Oba     Leke Ogungbe    

Cloud Tag: What's trending

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

ER-KANG Mining Nigeria Company Limited     Jimoh Saadudeen Muhammed     Millennium Development Goals     Tsaragi     Apaola     Olateju Lukman     Maryam A. Garuba     Lukman Adeloyin     George Funsho Adebayo     Ilorin West/Asa Federal Constituency     Ganiyu Taofiq     Saka Onimago     Femi Oladiji     Kayode Oyin Zubair     Doyin Agbamu     KWIRS     Christopher Ayeni     Eleyele     Michael Nzwekwe     Nagode     Alfa Modibo Belgore     Afolasade Opeyemi Kemi     Oyeyemi Olasumbo Florence     Chief Imam Of Offa     Magaji Are     Dumagi     Umar Yakubu Jaja     Kwara 2019     Al-Hikmah University     Isaac Aderemi Kolawole     Apaokagi     Kwara Metro Park     Dorcas Afeniforo     Elerinjare     Hijab     AGF Abdulrazaq     Adebayo Salami     International Aviation College     Ilesha-Baruba-Gwanara     Tafida Of Kaiama     Okin Biscuit     Principal Private Secretary     Abubakar Abdulraheem     Leke Ogungbe     The Herald     Bahago     Lola Ashiru     Kolawole Akande     Popo-Igbonna     Abubakar B.M     Kuliyan Geri     Abdulkarim Adisa     Oba Mogaji Abdulkadir     Tope Daramola     Ganmo Power Sub-Station     Sarah Jubril     Jani Ibrahim     Kwara Polytechnic     Lai Mohammed     Kwara     AbdulRasaq Abdulmajeed Alaro     Sulyman Abdulkareem     Saduki Lafiagi     Ojuekun     Bolakale Kawu Agaka     Umar Ahmed Gunu     Olaoye B. Felix     Olushola Saraki     LABTOP     SSUCOEN     Moses Salami     Col. Taiwo     Bello John Olanrewaju     Shoprite     Aro Yahaya     Ahmed Bayero     Abdulfatai Baakini