N156bn debt gencos want fgs intervention avert shut facilities

It appears that the article is discussing a pressing issue in the Nigerian power sector. Here's a breakdown of the situation:

• The article mentions that the 11 Generation Companies (Gencos) in Nigeria have accumulated a debt of N156 billion.
• The Gencos are seeking the intervention of the Federal Government of Nigeria (FGN) to avert the shutdown of their facilities.
• The debt is reportedly owed to the Gencos by the 11 Distribution Companies (DisCos) in Nigeria, which are responsible for distributing electricity to consumers.
• The Gencos are threatening to shut down their facilities if the debt is not paid, which could lead to a significant reduction in electricity supply to the country.

The implications of this situation are far-reaching and could have significant consequences for the Nigerian economy. The power sector is a critical component of the country's infrastructure, and any disruption to the supply of electricity could have a negative impact on businesses, industries, and households.

The FGN may need to intervene to resolve this issue and ensure that the Gencos continue to operate and supply electricity to the country. This could involve providing financial support to the Gencos or working with the DisCos to find a solution to the debt crisis.

It's worth noting that the power sector in Nigeria has faced numerous challenges in recent years, including inadequate funding, poor infrastructure, and corruption. The government has implemented various reforms aimed at improving the sector, but more needs to be done to address the underlying issues and ensure a stable and reliable supply of electricity.