Bayelsa Governor Douye Diri Unveils N1.24tn Budget for 2027

On November 4, 2026, Bayelsa State Governor, Senator Douye Diri, presented a proposed budget of N1.24 trillion for the 2027 fiscal year at the Bayelsa State House of Assembly in Yenagoa. He stated that 68% of the budget is earmarked for capital projects, amounting to approximately N840.79 billion, while recurrent expenditure is set at N401.90 billion, representing 32% of the total budget.

The budget, titled the ‘Budget of Assured Prosperity and Sustainable Growth and Development,’ aims to consolidate infrastructure development, improve public services, and stimulate economic activities. Key economic assumptions include an oil benchmark of $60 per barrel, crude oil production of 1.8 million barrels per day, an exchange rate of N1,400 to the dollar, projected inflation of 18%, and GDP growth of 3.5%.

The largest allocation of N422.84 billion is designated for Works and Infrastructure, followed by Education with N126.97 billion. Governor Diri also mentioned that the allocation for sports development would support the completion of a 30,000-capacity stadium.