Bayelsa State's Revenue Surges to N8.037 Billion in 2026

The Bayelsa State Internally Generated Revenue (IGR) reached N8.037 billion between August and September 2026, marking a significant increase from N2.89 billion in June. Timipre Seipulou, Technical Adviser to Governor Douye Diri on Treasury, Accounts and Revenue, reported that the IGR for July was N3.93 billion, while August's IGR rose to N4.107 billion.

The state government’s investment in independent power supply has positively impacted small businesses, contributing to tax revenue. In August, Bayelsa received N79.207 billion from the Federation Account Allocation Committee (FAAC), including N12.73 billion in statutory allocation and N50.14 billion in derivation.

For September, the gross FAAC inflow was N56.639 billion. Ebiuwou Koku-Obiyai, Commissioner for Information, emphasized the administration's commitment to transparency and people-oriented development, highlighting ongoing projects such as a new secretariat complex and a FIFA-standard stadium.