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.

Kayode Yusuf     Doyin Group     Offa Grammer School     Yusuf Zulu-Gambari     Micheal Imodu-Ganmo Road     Mohammed Lawal     Gani Saadu     James Ayeni     Hamidu Olowo     Segun Ogunsola     Jumoke F. Ajao     Olayinka Olaogun     Abraysports FC     Maryam A. Garuba     CACOVID Palliatives     Ilorin International Airport     Law School Scholarship     Adesoye     Tuesday Assayomo     Mohammed Yahaya Barki     Geri-Alimi Split Diamond Interchange     Kayode Oyin Zubair     Basic Education Certificate Examination     Rachael Obisesan     Salman Alada     Titus Suberu-Ajibola     Government House     KWASEIC     Ahmad Fatima Bisola     John Olobayo     Kishira     Shehu Jimoh     BIR     Babs Iwarere     Ademola Kiyesola     Obayomi Azeez     Wahab Issa     Ayekale     Sulu Gambari     Laduba     Adam Abdullahi Al-Ilory     Ilorin Innovation Hub     Kisira     Modibo Kawu     Laboratory-to-Product     Olayinka Are     Oloye     Kwara Teaching Service Commission     Abegunde Goke     Saliu Ajia     Yoruba     Onilorin Of Ilorin     Bayo Mohammed Onimode     Aishat Mohammed Lawal     Guber Aspirant     LABTOP     Halimah Perogi     Abdulwahab Olarewaju Issa     GAMA     Ibrahim Abdulqadir Abikan     KWSUED     Ibikunle Ogunleye     Olaiya Lawal     Babaloja-General     Olam Food Ingredients     Opaleke Bukola Iyabo     Iyabo Dupe Adekeye     Raymond Olaitan     Mahmud Babatunde Baker     Issa Oloruntogun     Osinbajo     Ijakadi     Kwara Consultative Forum     School Of Nursing     Musibau Akanji     Fatimoh Lawal     Ilorin Descendants Progressive Union    

Cloud Tag: What's trending

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

Saadu Yusuf     Isiaka Danmeromu     JAAC     Rotimi Oyedepo     Share-Tsaragi     Igbaja     Ibrahim Issa Jetti     Soffiyyallah Kamaldeen     Lotus Bank     Isiaka AbdulRazaq     Alfa Yahaya Road     SWAN     ITP     Olufolake Abdulrazaq     Adewuyi Funmilayo     Adedipe     Twitter     Kunle Okeowo     MalHub     Local Government     Ilorin Emirate Stakeholders Forum     Ahmed \'Lateef     Omotoso Musa     TIIDELab     Yomi Ogunsola     Otunba Taiwo Joseph     April 11     Zulu Gambari     Sulyman Atolagbe Alege     Oba Abdulrahim     Ibrahim Taiwo     Abubakar Ndakene     Tsado Manman     Tafida Of Ilorin     Sarafadeen Kayode Akorede     Lucky Omoluwa     Lithium     Joshua Adeyemi Adimula     Idofin     Ado Bayero     Maimunat Oloriegbe     Kwara Poly     Abdulrasheed Akogun     General Tunde Idiagbon International Airport Ilorin     College Of Health     Ejidongari     Abdul-Rahoof Bello     Jelili Yusuf     Bayer AG     Anilelerin     ANCOPPS     Eleja     Shade Omoniyi     Farouk Salim     Suleiman Alege Kuranga     Matthew Okedare     Saliu Tunde Bello     Edret Sabi Abel     Public Holiday     Fulani     Sun Qing Rong     Surajudeen Akanbi     Kwara State Health Insurance Agency     Abatemi Usman     Alfa Belgore     Saliu Mustapha     Playing Host     Ibrahim Jawondo     Sulu Gambari     Bamidele Adegoke     Baba Issa     Moro     Jimoh Akani     Jani Ibrahim     Taofik Abdulkareem Babaita     Yusuf Lawal     Rafiu Ibrahim