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Bayelsa State Celebrates 30 Years Amid Economic Challenges

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This Day
Bayelsa State Celebrates 30 Years Amid Economic Challenges

Bayelsa State marked its 30th anniversary on 1 October, having been created from Rivers State by a decree from General Sani Abacha in 1996. The state, known as Nigeria's oil cradle, has a complex history of struggles for recognition and resource control, highlighted by the Kaiama Declaration of December 1998.

Despite its wealth from oil and gas, Bayelsa faces significant economic challenges, with 22.6% of its population living below the monetary poverty line, and 88.5% experiencing multidimensional poverty, the second-highest in Nigeria. The state's 2026 budget is approximately N1.016 trillion, with 83% of revenue sourced from federal allocations, indicating a reliance on Brent crude prices.

Over the past 30 years, Bayelsa has seen some development, including five universities, an airport, and a gas-fired power plant, but overall livelihood outcomes for residents remain stagnant.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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