N70bn rice factory for Kwara

Date: 2012-03-21

The N70 billion joint venture on rice between the Kwara State Government and Valsolar of Spain  would soon take off, as all arrangements to that effect have been concluded.

Senior Special Assistant to Governor Abdulfatah Ahmed on Media and Communications, Dr Muyideen Akorede, said this in a statement in Ilorin yesterday.

According to him, the project partners had inspected the areas and decided to site the projects in five areas including Shonga, Patigi, Lafiagi, Bacita and Share.

Akorede added that the joint venture company for the project - Valsolar-Kwara Company Limited, has been incorporated by the Corporate Affairs Commission, CAC, pointing out that the project would be implemented in phases.
According to the statement, five project sites were selected following the results of soil and water tests as well as topographical studies conducted by Valsolar sequel to the signing of MoU between the state government and the company last January.

The statement further explained that the rice project would be cultivated on 20, 000 hectares of land adding that the Spanish farmers would engage in cultivating 5000 hectares of land in each location per annum over the next four years.
The government added that the processing factory to be sited in Share would also serve as storage and distribution location, stressing that in addition to the test results, the five locations were chosen for their proximity to each other and to riverine areas.

Meanwhile, Valsolar's advance team of surveyors and engineers are expected to arrive Shonga, the take-off location for the project in May and will commence operations shortly after.

The state government signed an MoU with Valsolar  last month to set up rice cultivation, processing and packaging project in the state.

Under the terms of the MoU, Valsolar would  invest N70 billion in the project over a- four year while the state government would make available 20, 000 hectares of land. In return the Spanish company will hold 70 per cent equity in the company while the remaining 30 per cent would be held by the state government.

Speaking at the signing, Governor Ahmed said that the project  would  generate a minimum 12, 000 jobs across the value chain while accelerating economic development in the state in line with his administration's Shared Prosperity agenda.

Source

 

Cloud Tag: What's trending

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

Split Diamond Interchange     Aminu Adisa Logun     Ajayi Okasanmi     Share/Tsaragi     Olofa Of Offa     Centre For Peace And Strategic Studies     Bond     Ganmo Electricity Sub-Station     Emir Of Kano     John Mayokun Dada     Tunde Oyawoye     Elelu     GAMA     Innocent Okoye     Olubukola Kifayat Adedeji     Salihu Yahaya     Wahab Abayawo     Joseph Daudu     Ilorin Like-Minds     Medview Airlines     Hakeem Lawal     Okiki     Danhawa     Mahmud Babatunde Baker     Saka Keji     Alapado     V.O. Abioye     Sarah Alade     AIT Ilorin     Mohammed Halidu     Okanlawon Musa     Hassan Oyeleke     Wahab Olasupo Egbewole     Forgo Battery Company Limited     Abdulmumin Yinka Ajia     Albert Ogunsola     Jimoh Olusola Imam     Halimah Perogi     Abdulfatai Ahmed     Maryam Ado Bayero     Abdulrasheed Lafia     Reuben Paraje     Durbar     Esinniobiwa Quareeb     Oko-Olowo     Basic Education Certificate Examination     Ilorin West/Asa Federal Constituency     Kwara United     Salihu Ajibola Ajia     Aishat Mohammed Lawal     Galland Marcias     Iliasu     ARMTI     Apado     Abdulquowiyu Olododo     Bola Iyabo Ibiyeye Adisa     Abdulrasheed Akogun     David Oyepinola Adedumoye     Biliaminu Aliu     UNIFEMGA     Yakubu Shaaba     Tescom.kwarastate.gov.ng     Moremi High School     Ganiyu Abolarin     Hussein Olokooba     Olawuyi     KWATMA     Bayer AG     Yahaya Oloriegbe     Kwara 2015     Saidu Kawu     Akanji     Kwara     Olushola Saraki     Muhammad Ghali Alaaya     Kaosarah Adeyi     Saudat Abdulbaqi    

Cloud Tag: What's trending

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

Abdulhakeem Adelaja Amao     Musa Ayinla Yeketi     Coronavirus     Emir Of Ilorin     Public Holiday     Oba Of Jebba     Ilorin Emirate Stakeholders Forum     Neo Mundo Ltd     Paul Odama     Isiaq Khadeejah     Salman Alada     Kaiama     Monthly Sanitation Exercise     Olofa Of Offa     Special Adviser On Digital Innovation     Kayode Oyin Zubair     Aminat Ahmed     Tayo Alao     Kanu Agabi     Lawal Arinola Kudirat     Aliyu Alhassan     Sola Saraki University     Bayer AG     Zainab Abass     Adesoye College     Monkey Pox     Kola Adesina     Oke-Ero     Oluronke Adeyemi     Ayo Opadokun     African Democratic Congress     Unilorin     Kumbi Titiloye     Share/Tsaragi     Yusuf Aiyedun     Rotimi Samuel Olujide     Tunde Oyawoye     KWASSIP     Adeola Abraham     Iyiola Oyedepo     Ilorin Central Mosque     Quareeb     Crystal Corner Shops     Patience Jonathan     Temitope Ogunbanke     Ilofa     Gani Saadu     Kwara 2019     Kwara State Health Insurance Agency     Sulyman Age AbdulKareem     Segun Ogunsola     Baba Issa     Gbenga Adebayo     Jumoke Monsura Gafar     Yusuf Ali     Ubandoma     Ilorin South     Simeon Sule Ajibola     Femi Ogunsola     Yahya Mohammed     Roheemat Hammed     Adisa Logun     Basit Olatunji     Aliyu Salihu     AbdulHakeem Ajibola Akanbi     Muhammad Ghali Alaaya     Millennium Development Goals     Ahmed \'Lateef     Kwara State Internal Revenue Service     Kwara State Printing And Publishing Corporation     Aminu Ado Bayero     Frootify     Abubakar Usman Jos     Kolade Solagberu     CUTI     Amuda Bembe     Special Agro-Industrial Hub