Bayelsa Governor proposes ₦1.24 trillion budget for 2027

Bayelsa State Governor Douye Diri has presented a ₦1.24 trillion budget proposal for the 2027 fiscal year to the State House of Assembly. Titled the “2027 Budget of Assured Prosperity and Sustainable Growth and Development,” the appropriation represents a 22 percent increase over the 2026 fiscal year budget.

The proposal allocates ₦422.84 billion to the Ministry of Works and Infrastructure to prioritize road and bridge projects, including the Ekeremor-Agge, Nembe-Brass, and Akaba-Ayakoro roads. Capital expenditure is set at ₦840.79 billion, or 68 percent of the total, while recurrent expenditure is pegged at ₦401.90 billion.

Other key allocations include ₦126.97 billion for education, ₦68.50 billion for sports development, ₦53.32 billion for health, and ₦24 billion for security. The budget is based on economic assumptions including an oil benchmark of $60 per barrel, crude oil production of 1.8 million barrels per day, and an exchange rate of ₦1,400 to the dollar.