Enugu Airport: State Tasks Aviation Firm On Cargo Equipment

Posted by admin on Feb 2nd, 2015 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

The Enugu State Government has appealed to the National Aviation Handling Company (NAHCO) to provide cargo handling equipment at the Akanu Ibiam International Airport for the export of agricultural produce.
The state’s Commissioner for Commerce and Industry, Dr Jude Akubuilo, made the appeal in Enugu on Wednesday at an interactive session with students of the Armed Forces Command College, Senior Course 37, who were on a tour of the state.
Akubuilo said the equipment would ease the evacuation of fresh agricultural produce and create job opportunities for youths in the state.
He lamented that efforts by the state government to collaborate with the company to provide the equipment to create market for the farmers in the state had failed.
He also called on the Federal Government to approve the establishment of a free trade zone in the South East zone.
“We are losing money. We appeal to NAHCO to help us provide the cargo equipment so that we can transit out of oil and invest more in agriculture,’’ he said.
In his remarks, the state’s Commissioner for Agriculture, Dr Mike Eneh, said the state had created a value chain approach targeted at making every small scale farmer a commercial one.
He said the state had invested more than N5 billion on rice production and gotten more than N1.488 billion on the sale of poultry products.
He listed some challenges stalling the development of agriculture in the state to include bureaucracy, sabotage and difficulty to extend support to farmers.
“We do not want isolated projects that cannot be delivered. We want to project agriculture as a business in Enugu State,’’ he said.
Eneh said the state had commenced the export of pineapples to other countries of the world.
The Team Leader of the college, Cmdr. Obi Ofodile, said the visit was in line with the course curriculum.
He said that the team would visit states and the theme for this year was ‘exploring agricultural potentials of Enugu State for socio-economic development’.
He said the students were in Enugu for on-the -spot assessment and that whatever their findings would reflect on their reports, which would include solutions to help the state develop its agriculture.
Ofodile expressed happiness with the improvement in agriculture in the state.
“I think the state is trying a lot in agriculture. If you have seen what is happening to our oil, it is imperative for states to promote agriculture,’’ Ofodile said.
Some of the students from Ghana and Togo called for improved budgetary allocation to agriculture to augment the fall in oil price.
The group also paid a courtesy visit on Gov. Sullivan Chime of Enugu State.

http://www.thetidenewsonline.com/2015/02/02/enugu-airport-state-tasks-aviation-firm-on-cargo-equipment/

Total Builds $900m Pipeline to Supply Gas to Alaoji Power Station in Abia State

Posted by: The Citizen in Business, Other News August 26, 2014

Mrs. Elisabeth Proust, MD, Total Upstream Companies in Nigeria
Hope for improvement in power supply in Nigeria has been rekindled as French oil giant, Total has stated that it has built a $900 million worth of pipeline infrastructure to supply gas from the company’s Oil Mining Lease (OML) 58 to the 964 megawatt-capacity Alaoji Power Station in Abia State.
The new Managing Director of Total Upstream Companies in Nigeria, Mrs. Elisabeth Proust, who confirmed this investment to THISDAY at the weekend, however, stated that for the investment of such magnitude to be economic in Nigeria, the price of domestic gas should be increased from its current level of $2.5 to $7 per million British Thermal Unit (BTU).
“We have invested in very huge pipeline onshore – 50 kilometres of 24-inch pipeline, starting from OML 58 to go to Imo River and to Alaoji. Here, we are already in contract with the power plant at Alaoji. This is our first customer. We will be ready to deliver the gas by 2015. So, we are now in negotiation with other industries, not power plants, to provide them with gas. My plan is that in 2017, we should produce and supply the gas through the pipeline,” she said.
Proust said it was a huge pipeline that transverse several communities, adding that the company has spent $900 million on the project.
She however, said to ensure that such project was economic, domestic gas price should be increased to between $5 and $7 per million British Thermal Unit.
According to her, the recent improvement in domestic gas price cannot make such project economic.
“To get the economy of such project, we need to have a good price. The improvement in gas price is good. But we can say that it cannot provide the economy of such pipeline project. I hope that we will achieve a better price so that we can have the economy of such investment,” she added.
The Total boss further disclosed that her company will supply gas to Alaoji at a price of $2.5, adding however, that this price is not adequate to guarantee adequate returns on the investment.
“So, we have made calculations on that and we can say that for the fiscal terms in the joint venture and production sharing contracts, we need between $5 and $7 per million BTU for the development of such facilities. If the fiscal terms change, may be, we will need more. It depends on how they change,” she explained.

http://www.thisdaylive.com/articles/total-builds-900m-pipeline-to-supply-gas-to-alaoji-power-station/187355/

Nigeria: Chime Promises Improved Environment for Investors

Gov. Sullivan Chime of Enugu State on Thursday said that ongoing infrastructural development of the state had boosted its economic profile.

Chime made the statement in Enugu at the inauguration of Tetra Log Limited's Mercedes Benz Sales and Services Center.

The governor, who was represented by his deputy, Rev. Raphael Nwoye, said that his administration was committed to removing all barriers hindering the growth of commerce in the state.

He announced that the state government had set up a steering committee to work out modalities to deal with issues of multiple taxation and related matters.

He also said that the state had benefitted from the upgrade of the Akanu Ibiam International Airport, adding that the state had been adjudged as one of the fastest growing economies in the country.

Chime assured that his administration would sustain ongoing investment opportunities in the state.

He commended the management of Tetra Log Ltd. for citing the service centre in the state.

Earlier, the Managing Director of the company, Mr Onuorah Nnabugwu, said that the choice of Enugu for the investment was based on merit. Nnabugwu said that the investment would bring a turn-around in the fortunes of the state. He said that the company was given the right by the Federal Government to produce Mercedes Benz parts and assured that the company, in doing so, would comply with government's new automotive policy. He said that the measure would give the company the leverage to engage in the production of some equipment, including water/fuel tankers and troop carriers.

A representative of Daimler AG of Germany, a partner to Tetra Log, Dr Kloja Rebstock, expressed happiness that Mercedes Benz had sustained its growth in Nigeria. He said that the company would support Tetra to provide quality services to its customers, noting that "even after over 100 years of, Mercedes Benz has continued to maintain quality services to the people."

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=2&cad=rja&uact=8&ved=0CCUQ-AsoATAB&url=http%3A%2F%2Fallafrica.com%2Fstories%2F201409190476.html&ei=JtUcVPXPKcS0PPDHgbgB&usg=AFQjCNEEH9LSu-NFHCSTpfgORzLklh8Ujw

Ebonyi revives World Trade Centre project

Monday, 23 June 2014 00:00
Written by Nnamdi Akpa, Abakaliki

Ebonyi-23-06-2014CONTRARY to insinuations that Ebonyi state abandoned its multi-million naira World Trade Centre, the authorities have dismissed the allegation, saying that the government has mapped out N100 million for the completion of the project.
The State’s Commissioner for Commerce and Industry, Dr Ifeanyi Ikeh last week said the 10-storey Trade Center was stated by the previous administration of Dr. Sam Egwu and inherited by Elechi’s administration but has continued to suffer slow pace of work in its completion.
Dr.Ikeh disclosed the sum in Abakaliki during a seminar organized by World Bank with Federal Ministry of Industry, Trade and investment and Cooperative Affairs Commission, Abuja in collaboration with the Ministry of Commerce and Industry, Ebonyi state added that the It was defended in the council during budget presentation.
According to the commissioner all efforts was in top gear to ensure that the project was completed before the end of Elechi’ administration, noting that the contractor, Edon Nigeria Ltd has promised to go to site with his fund pending when government will release funds for the project.
“I talked with Edon Nigeria Ltd on the need for this place to be completed for it to be commissioned by the governor before the end of his administration. He told me that by next month, July, he will start work. In fact, he has promised to start work with his own money to ensure that the project is completed” he stated.
He however stated that the essence of the programme was to sensitize the people on the need to register their businesses also warned that they would deal decisively on any person caught, collecting money from unsuspecting members of the public for shops to be allocated to them at the new international market.
He called on the people to warry of these “faceless individual”, stressing that “when they are ready to allocate stores, the directive will come from the executive governor in council, perhaps through the Ministry of Commerce and Industry”.

http://www.ngrguardiannews.com/property/property/167384-ebonyi-revives-world-trade-centre-project

Nigerian Air Force Graduates 36 Pioneer Commercial Helicopter Pilots in Enugu

on September 19, 2014 / in News 6:39 pm / Comments
Tweet

Enugu- The first set of 36 commercial helicopter pilots trained in the country graduated from the Nigerian Air Force International Helicopter Flying School in Enugu State on Friday.

Vice President Namadi Sambo said at the graduation that the pioneer helicopter pilots ever trained in the country would help to ensure safety, security and development of the aviation sector.

According to him, it is a monumental achievement that will stand the test of time.

Sambo said “this is a clear testimony that the Nigerian Air Force is moving in the right direction toward fulfilling its mandate as the centre of excellence which is in line with the transformation agenda of the Federal government.

“I charge you all to sustain the tempo so that this school will compete with other flying international schools.

“This is just the beginning. In the near future, this institution will not only train pilots but will maintain and manufacture aircraft.’’

The vice president urged the new pilots to work harder and be good ambassadors of the school and the country in general.

In his remarks, the Chief of Air Staff, Air Marshal Adesola Amosun, commended the Federal Government for its support toward ensuring that the goals of the school were met.

Amosun said that the school, established in 2012, was aimed at encouraging air force personnel to have civil licences and ratings to enable them to reintegrate into the civil society when they disengaged from service.

He pledged the commitment of the force in providing quality services to the aviation sector.

The Chairman, Board of Directors of the school, Prince Arthur Eze, called on the students to distinguish themselves in order to encourage more entrants into the school.

The Rector of the school, Group Capt. Ismaila Yahaya, said that the school offered 11 different helicopter courses, including integrated helicopter pilot course and instrument rating.
He said the graduates were sponsored by the Nigerian Air Force, the Navy, Police and the Yobe government, while three were privately sponsored.

Some of the graduating students who spoke said said the training had prepared them for the challenges ahead in flight operations.

The new pilots include Lt. Patrick Onah, Abdulkarim Ibrahim and Ndah Ekerete.

Highlights of the event were the inauguration of the NAF 305 headquaters and presentation of certificates to the graduating students by the vice president.

Dignitaries at the event include Gov. Sullivan Chime of Enugu State and his Deputy, Rev. Ifeanyi Nwoye, as well as the Chairman, Senate Committee on Aviation, Chief Hope Uzodinma and former Governor of Enugu State, Chief Jim Nwobodo.
- See more at: http://www.vanguardngr.com/2014/09/naf-graduates-36-pioneer-commercial-helicopter-pilots/#sthash.J5hCFOfC.dpuf

Governor Obiano is really serious in boosting Agriculture in Anambra State.



Anambra purchases 100 tractors to boost Agric

on April 23, 2014 / in News 12:01 am / Comments
Tweet

BY ENYIM ENYIM

ONITSHA—Anambra State government is to purchase 100 tractors in the first week of May as part of plans to boost agriculture in the state.

Commissioner for Agriculture, Chief Nnamdi Mekoh, who dropped the hint yesterday in an interview with Vanguard, said the tractors would be made available to farmers and harvesters on hire basis, adding that improved maize, rice and cassava cuttings would be made available to farmers by the Ministry of Agriculture.

“We are also making arrangement with Rainbow Chicken in South Africa to come here and make chicken cheaper for us here. It is expected that they would be producing 1.5 million chickens daily. And this would offer jobs to thousands of our unemployed youths,” he said.

According to Mekoh, the government of Governor Obiano is committed to total revolutionisation of agriculture in the state, with the N5.9bn appropriated for the Ministry of Agriculture, against the N1.6 bn that had been appropriated in the budget before now.

Besides, he said the state government under the former governor, Mr Peter Obi, had accessed N1.2 billion from Agricultural Credit Bank that would be disbursed to small scale farmers this year.
- See more at: http://www.vanguardngr.com/2014/04/anambra-purchases-100-tractors-boost-agric/#sthash.5ZiqmLlD.dpuf

MayorofLagos: Emerging....really ..

Update us when your emergence is fully realized.

Freaks!

Yoruba land as a whole is not in the process of emerging. You are a loud mouthed weak dwarf internet warrior !!!

More of Owerri Imo State #Team Igboland

IMO STATE IS BEAUTIFUL SO IS ALL IGBOLAND !!!! #Team Igboland

1st Picture is of Umuahia Abia State, the 2nd to 4th are of Anambra State

Johnolis: Igbo nwe mmadu ekene m unu.i strongly suggest that there should be pictorial representation of developmental trends in this thread,as such would encourage more people to contribute meaningfully...some guys like myself hate reading long threads with no pictures.

Below are pictures of Umuahia Abia State gotten from Chinasaekpere

The Largest Poultry in West Africa Imo poultry begins sale of birds, to breed over 100,000 before year end

By akachukwu / September 9, 2014 / 0 Comments
Share Print Email

OWERRI – The Imo State Government said it has commenced the sale of the first batch of its birds at the State Modern Poultry, Avutu.

Gov. Rochas Okorocha made this known on Tuesday at Avutu in Obowo Local Government Area at the flag-off of the first sale of about 10,000 chickens raised in the farm.

The governor, represented by the Speaker, Imo House of Assembly, Mr Benjamin Uwajimogu, expressed satisfaction that the poultry, one of the legacies of late Chief Sam Mbakwe administration, had come back to life.

He said the poultry had remained moribund for over 20 years.

Okorocha said his administration decided to revive the poultry as part of its efforts to create employment opportunities, promote agriculture, as well as boost the internally generated revenue (IGR) of the state.

He said that his government would not rest on its oars until all moribund industries in the state were revamped, and abandoned projects completed.

“The Poultry, within its few months of reactivation, has produced the first batch of over 10,000 chickens for sale to the public.

“The farm will make available more than 100,000 birds for sale by December 2014,” he said.

Okorocha said the farm had the capacity to house over 2.5 million birds, as well as provide investment in other areas like fisheries, livestock, feed production, processing and packaging of frozen chickens.

He called on investors to take advantage of the opportunities available in the project.

The Speaker pledged the donation of 20,000 chicks to the poultry, as part of his contribution to the development of the farm.

Earlier, the Commissioner for Agriculture and Natural Resources, Mr Frank Ibezim, recounted the journey to the reactivation of the Imo Modern Poultry by the present administration, and commended the governor for his vision.

Ibezim noted that the poultry farm, the largest in South Saharan Africa, is situated on about 177 hectres of land with 45 poultry houses of 2.5 million birds’ capacity.

He said the farm had a feed mill of 3,000 metric tons silo, as well as hatcheries, a layer capacity of 235,000 birds and about 100 ton cold room for preservation of processed chickens.

The commissioner also noted that the government was working in collaboration with a South African Agric investment company, Whawna Crux, to rehabilitate the Poultry and make it function to full capacity.

He said the farm would engage both skilled and unskilled manpower; provide capacity building to youths on modern poultry keeping.

He said it would also involve empowerment and provide bye-off and processing services for poultry farmers in the state.

The Commissioner for Community Government and Chieftaincy Affairs, Mr Val Mbamala, however, expressed regret over the neglect of investment projects by previous administrations, saying it led to poor revenue generation in the state.

He commended Okorocha for rehabilitating the Poultry, the Imo Rubber Company, and Imo Palm Plantation, among others.

The traditional ruler of Avutu Autonomous Community, Eze Ebel Chukwuocha, expressed happiness that the farm would engage unemployed youths in the area.

He assured the government of the continued support of the people of the area. (NAN)
- See more at: http://sundiatapost.com/2014/09/imo-poultry-begins-sale-of-birds-to-breed-over-100000-before-year-end/#sthash.oOZmPE7X.dpuf

RareDiamond: I foresee a massive agricultural boom never witnessed in Igboland recent time coming to Ala Igbo. Just yesterday governor Obiano on Channels tv signed an MoU with a private sector investor to commence revival and production from the big Omor rice mill which would source supply from 10,000 hectares of land owned by co-operatives and the private sector. The biggest cassava flour plant in the south east is under construction in Abiriba Abia State with 5,000 hectares of land allocated to the plant. Co-operatives and rural farmers are billed to benefit from this plant.

You are right !!! Below is what i found online

FG procures N13b rice, cassava flour mills

• Ratifies Lagos-Abidjan expressway

By Chesa Chesa / Senior Correspondent, Abuja



The Federal Executive Council (FEC) on Wednesday approved N13 billion for the procurement of 10 integrated rice mills and six high quality cassava flour mills to boost domestic rice and cassava production.

The FEC also approved a contract of N568million ($2.2m plus N208.5m) for the design and supply of a bigger transformer for the Maiduguri sub-station on Bagga Road, Borno state.

Briefing journalists after the weekly FEC meeting, Minister of Agriculture, Akinwumi Adesina, said the rice mills would be located in 10 states – Kebbi, Zamfara, Kaduna, Ogun, Bayelsa, Niger, Kogi, Anambra, Benue and Bauchi – while the cassava mills would be deployed to Ondo, Ogun, Abia, Delta, Cross River, Nassarawa states.

Each of the rice mills has a capacity to mill 36,000 metric tonnes of paddy rice, making it a total of 360,000 metric tonnes of paddy rice to be finely processed across the country.

There are plans for more integrated rice mills across the country as government was currently working towards a total stop to the importation of rice.

According to Adesina, the mills “will not be owned or run by government, they are going to be owned managed and operated by the private sector, it’s part of government’s way of making this available at a term of financing that can be afforded by the private sector.

“The acquisition of this will be done by the Bank of Industry. It will select the private sector people, they will have the down payment, and the plants are going to be constructed and they have a financing facility for them to own it.

“Government is just doing its job which is to get things to happen, but the private sector will do every single thing about it. There are still those who go around trying to get waivers to import rice and throw us into poverty, this will no longer be possible”.

http://dailyindependentnig.com/2014/09/fg-procures-n13b-rice-cassava-flour-mills/

THE RURAL AREAS IN IMO STATE ARE FASTS DEVELOPING THROUGH VARIOUS SELF HELP EFFORTS AND GOVERNMENT INTERVENTIONS BY PAST AND PRESENT GOVERNMENTS

good devts

Segeggs: @bolded.

can you pls provide a source to the bogus claim?


@topic

the man abandoned his selfish struggle for power and fled to abidjan dressed like a prostitute. He came back years after, after he was pardoned, to re-claim his properties while the fathers and grandfathers of many igbo nairalanders who fought in the heat of the war remained poor after loosing 3million of their people, but awolowo was generous by giving them £20 to prevent them from dying . The ojukwu coward later went ahead to contest for the presidency in the country he swore never to have anything to do with.

MY CLAIMS ARE TRUTH, AWOLOWO DIED A SHAMEFUL DEATH BECAUSE OF HIS BIGOTRY

SOMETIMES THIS YEAR WE WOULD ALSO REMEMBER WHEN AWOLOWO WHO IS A NATIONAL BIGOT WAS SET FREE FROM PRISON BY GENERAL OJUKWU IN ORDER TO MAKE THE YORUBAS FEEL NEEDED. ALSO THIS YEAR WE WOULD ALSO REMEMBER WHEN AWOLOWO COMMITTED SUICIDE BY DRINKING RAT POISON AND DIED AFTER BECOMING AFRICA'S FIRST SERIAL ELECTION LOSER DUE TO HIS RABID HATRED AND BIGOTRY

MORE LOVELY PICS OF OKIGWE ROAD OWERRI

NICE DEVELOPMENTS IN ALA IMO STATE. NICE ROADS !!! THIS IS OKIGWE ROAD OWERRI

ijaw citizen: We don't "try" to claim Andonis as Ijaw, You don't "try" to claim the possessions you have inside your house, even a mad man is not mad when it comes to the logic of ownership. They have been Ijaws from day one, unless you have an evidence of the date when they SWITCHED their ethnicity to become Ijaws.

Stop being a product of "Igbo/Yoruba propaganda for dum.b people 101"

YORUBA CITIZEN, I KNOW YOU ARE NOT IJAW. THE IJAWS I KNOW IN DELTA STATE ARE NOT THIS STUPID. WHEN IT COMES TO POSSESSIVENESS, GREEDINESS AND ACTS OF DOMINATION, IJAWS ARE WORST CULPRIT ASK THE ITSEKIRIS AND UHROBOS.

NO PART OF IGBOLAND WHETHER IN DELTA OR RIVERS STATE WOULD BE CEDED TO IJAW OR YORUBA, OUR GREAT BIAFRAN LEADERS AND COMMANDERS LIKE LT NZEOGWU, COL ACHUZIE, MAJOR GEN NWAWO, NAVY CAPTAIN ANUKU, COL OKWECHIME, HRM EDOZIE (Asagba of Asaba) HRM BRIGEDIER GEN OKONJO (father of Ngozi Okonjo-iweala and Obi of Ogwashiukwu), BRIGEDIER GEN ONWUATUEGWU E.T.C HAVE MADE THIS KNOWN TIMES WITHOUT NUMBERS

LET ME MAKE THIS CLEAR SHOULD THERE BE WAR TODAY THE IGBOS OF DELTA AND RIVERS STATE WILL FIGHT TOGETHER AS ONE WITH OUR IGBO BROTHERS IN SOUTH EAST AGAINST OUR ENEMY AND AGGRESSORS. IGBOS OF RIVERS, IGBOS OF DELTA AND SOUTH EAST IGBOS ARE ONE BIG INDIVISIBLE NATION UNDER THE HANDS OF GOD

I ALSO KNEW THAT THE APC SOUTH WEST GOVERNORS ARE ALL OUT TO RUIN AND DESTROY THE GROWTH AND DEVELOPMENTS OF Y0RUBAS.

THEY ARE ALL HEAVY LADEN WITH HUGE DEBTS THEY CANNOT PAY BACK

too bad

ALA IMO IMO STATE WU OBODO MARAMMA NKE UKWU !!!

ALA IMO STATE WU OBODO MARAMMA !!!

ALA IMO STATE WU OKE MBA !!!! LOVELY ENVIRONMENT

@ ABAGWORO; WHAT IS HAPPENING WITH THE ALADINMA MALL OWERRI

ALA IMO STATE IS BEAUTIFUL !!!!

I THINK I HAVE TO CONTRIBUTE TO THIS BEAUTIFUL THREAD ON IMO STATE. I WOULD BE POSTING PICTURES FOR YOUR VIEWING PLEASURE.

IMO STATE IS THE EASTERN HEARTLAND AND WE MUST ALL CONTRIBUTE TO THE DEVELOPMENT OF IMO STATE AND IGBOLAND AS A WHOLE.

KINDLY NOTE THAT I AM NOT A SUPPORTER OF APC AND MY EFFORTS IN SHOWCASING THE BEAUTY OF IMO STATE AND ALAIGBO IS NOT FOR ANY POLITICAL REASONS AND SOME OF THE PROJECTS WERE DONE BY PAST ADMINISTRATIONS OF IMO STATE

cashkid18: Tinubu shud be in a beta position to answer dt question

I DON'T THINK TINOBU OR APC CAN ANSWER THE QUESTION BECAUSE THEY ARE ALL CORRUPT

WHAT HAVE APC SOUTH WEST YORUBA GOVERNORS DONE WITH THEIR HUGE DEBT ? WHAT ARE THE IMPACTS OF THEIR RECKLESS BORROWINGS IN THE SOUTH WEST ECONOMY ?

IN TERMS OF IGR, RIVERS STATE COMES SECOND AFTER LAGOS AND IN TERMS OF GROSS ALLOCATION AKWA IBOM COMES FIRST FOLLOWED BY RIVERS STATE YET RURAL AND UNDEVELOPED STATES LIKE OGUN, OYO, OSUN ETC HAVE FAR MORE DEBT BURDENS THAN RIVERS AND AKWA IBOM STATE. EVEN MY DELTA STATE THAT IS ECONOMICALLY DEVELOPED AND INDUSTRIALIZED WITH REFINERY, STEEL ROLLING MILL, VARIOUS OIL COMPANIES, GAS PLANTS, POWER PLANTS, OIL FLOW STATIONS. 2 AIRPORTS, SEAPORTS, INDUSTRIAL PARKS, MARKETS AND OTHER INDUSTRIES AND LARGE TOWNS OF ASABA, OGWASHI UKWU, WARRI, SAPELE, AGBOR, UGHELLI, IGUBUZO ETC, IS OWING JUST $18m COMPARED TO OYO $76.6m OGUN $102m AND OSUN $62.7m RESPECTIVELY AND THESE HUGE DEBT VALUES ARE NOT INCLUSIVE OF THEIR DOMESTIC DEBTS WHICH RUNS IN HUNDREDS OF BILLIONS.

SO WHAT HAVE THE SW APC GOVERNORS ACHIEVED WITH ALL THESE HUGE DEBTS ?