Govt. Partners Chinese Firm for $115 Million Ethanol Factory requires more information for the public to establish its' effectiveness properly. For instance, $70 million importation cost is ambigious, does this amount include the cost of machines or not? Again, the 15% holding of the share capital is also not clear enough as a good deal. Importantly,the source and preparation of raw materials was not even touched. In short, it seems our Nigerian representatives are not most of the time throrough in their analysis before rushing into a deal and this is why we always fail. Thank you.

I am,

Adamson Ade. Ifesanya

It does not make any sense for an oil producing country to be in the business of making a competitive product (ethanol)that will make our comparative advantage extinct. Our govt official don’t even seem to know what our priorities are - building more oil refineries so we export finished products (gasoline) to the world instead of exporting raw materials (crude oil) that we end up importing the finished product (gasoline) at exorbitant price after our importers-turned-exporters have added value to our raw materials & added their profit including transportation cost (part of exporters' gain). The ignorance of our governors are glaring. I will betcha that the Chinese will import their laborers to build the plant in Taraba state while the poor citizens of Taraba will remain jobless (siddon, look) while begging for alms from the Chinese laborers working in Nigeria & sending our scarce money to Beijing with no tax payable to Nigeria's coffers. Ouch!!! No wonder our growth rate has always been puny instead of upward mobility we see in other countries. This mugu behavior must stop, PLEASE.

Building the Ethanol plant is getting a foot into a growing industry (ethanol) and stepping dependant feet a little more out of a dying one (oil). Its not hindering Oil sales, and when Ethanol beings to over take Oil if it ever happens we're preparing ourself to still be able to compete in that new state of the market.

Though your right, more refinaries need to be build, it's embarassingly foolish how little of those Nigeria has cause in the end of the day it's just spending all it's profit on it's own product. confusion.

But oil refinaries and Ethanol plants mean money, so im all for both.