Bayelsa State Governor, Senator Douye Diri, has presented a proposed budget of \u20a61.24tn for the 2027 fiscal year, allocating 68 per cent of the total expenditure to capital projects and targeting 100 megawatts of electricity supply.\n<\/p>\n
The proposed \u20a61,242,688,970,520.22 budget, christened the 2027 Budget of Assured Prosperity and Sustainable Growth and Development, is designed to consolidate infrastructure development, improve public services and stimulate economic activities across the state.\n<\/p>\n
Presenting the estimates to the Bayelsa State House of Assembly on Tuesday, Diri said capital expenditure would gulp \u20a6840,791,394,666.69, representing approximately 68 per cent of the total budget, while recurrent expenditure stood at \u20a6401,897,575,853.53, representing 32 per cent.\n<\/p>\n
He said, \u201cOf the total amount of \u20a61,242,688,970,520.22, \u20a6840,791,394,666.69, representing approximately 68 per cent, is proposed for capital expenditure, while recurrent expenditure is \u20a6401,897,575,853.53, representing approximately 32 per cent of our budget.\u201d<\/p>\n
The governor explained that the budget was based on an oil benchmark of $60 per barrel, crude oil production of 1.8 million barrels per day and an exchange rate of \u20a61,400 to the dollar.\n<\/p>\n
Other economic assumptions include projected inflation of 18 per cent and Gross Domestic Product growth of 3.5 per cent.\n<\/p>\n
\u201cThese are assumptions, and they provide the basis for our planning while recognising the risks of oil market volatility, as we all know,\u201d he said.<\/p>\n
Diri said the proposed budget was approximately 22 per cent higher than the 2026 budget, adding that the government would ensure more resources were channelled into projects with direct benefits to residents.\n<\/p>\n
\u201cMore importantly, over two-thirds of every naira goes to capital investment. Projects are people can see, use and benefit from,\u201d he said.\n<\/p>\n
The Ministry of Works and Infrastructure received the largest allocation of \u20a6422.84bn, followed by Education with \u20a6126.97bn.\n<\/p>\n
The Ministry of Sports Development was allocated \u20a668.50bn, Health received \u20a653.32bn, Security got \u20a624bn, Public Utilities \u20a622.94bn, while Agriculture received \u20a617.74bn.<\/p>\n
On infrastructure, Diri said the administration would prioritise the completion of ongoing roads, bridges and other strategic projects, particularly the senatorial district road projects.\n<\/p>\n
\u201cOur foremost priority will be to advance and complete ongoing roads, bridges and other strategic projects, particularly the senatorial coastways that can connect our communities and link our marine resources to investment and commerce,\u201d he said.\n<\/p>\n
He added that the government\u2019s infrastructure investments were intended to open up communities, improve accessibility and create opportunities for economic development.<\/p>\n
On electricity, the governor said the government was targeting 100 megawatts of power supply in 2027. He also promised to prioritise water provision, beginning with the Yenagoa metropolitan area.\n<\/p>\n
On agriculture, Diri said Bayelsa\u2019s geographical features offered opportunities for the state to become a major food-producing centre.\n<\/p>\n
\u201cBayelsa\u2019s land and waterways give us the potential to become a major food producer. We will continue to support farming, provide improved seedlings and fishing inputs, and assist cooperatives,\u201d he said.\n<\/p>\n
In education, the governor promised sustained investment in model schools, accreditation programmes for tertiary institutions, science and technical education, digital learning tools and teachers\u2019 training. <\/p>\n
He said, \u201cWe will continue to improve our model schools, support the accreditation programmes of our tertiary institutions, strengthen science, technical and vocational education, introduce digital learning tools in our secondary schools and train and retrain teachers for a changing economy.\u201d\n<\/p>\n
In the health sector, Diri promised improved healthcare facilities, adequate staffing and measures to retain doctors and nurses.\n<\/p>\n
He said the government would strengthen primary healthcare, particularly maternal and child health services, in both Yenagoa and rural communities.<\/p>\n
\u201cWe will continue to improve service delivery facilities, staffing, strengthen measures to retain doctors and nurses and improve primary healthcare, particularly maternal and child health services not only in our state capital but in our rural communities,\u201d he said.\n<\/p>\n
The governor also disclosed that the \u20a668.50bn allocation to sports development would support the completion of the state\u2019s 30,000-capacity stadium before the end of his administration.\n<\/p>\n
\u201cAnd we all know why, because the 30,000-capacity stadium will be completed in our tenure,\u201d he said.\n<\/p>\n
Describing the proposed appropriation as historic, Diri said it was the first budget of Bayelsa State\u2019s fourth decade and the last to be considered by the current Assembly.\n<\/p>\n
He recalled that Bayelsa was created in 1996 under the administration of former Head of State, General Sani Abacha, following the longstanding aspiration of the state\u2019s founding fathers for a predominantly Ijaw state.\n<\/p>\n
The governor said the proposed power plants and nine-storey Civil Service Secretariat Complex were investments intended to serve present and future generations.\n<\/p>\n
\u201cThe proposed power plants and the nine-storey Secretariat Complex will serve Bayelsa, not only for this generation but for generations yet unborn. They are investments not only in physical structures but in public service and, indeed, economic activity,\u201d he said.<\/p>\n
Diri also commended the Assembly for its cooperation with the Executive, describing the cordial relationship between the two arms of government as one of the strengths of his administration.\n<\/p>\n
\u201cThe cordial relationship between the Executive arm of government and the Legislature remains one of the greatest strengths of this administration,\u201d he said.\n<\/p>\n
The governor urged lawmakers to ensure the timely consideration of the estimates to enable the Appropriation Law to take effect in January 2027.\n<\/p>\n
\u201cI trust that, as always, this Honourable House will give these proposals the due scrutiny and the needed speed so that the Appropriation Law can take effect in January 2027,\u201d he said.\n<\/p>\n
He explained that the presentation was in compliance with Section 121 of the 1999 Constitution of the Federal Republic of Nigeria, as amended, and other extant laws.\n<\/p>\n
Diri also called on politicians and political parties to maintain peace and decorum, warning against actions that could undermine the state\u2019s unity.\n<\/p>\n
\u201cLet us keep our politics peaceful. Our debates should be decent, and our focus firmly on Bayelsa, so that the unity we have built and the peace that turn budgets into projects are never put at risk,\u201d he added.<\/p>\n
Source: <\/p>\n
Bayelsa State Governor, Senator Douye Diri, has presented a proposed budget of \u20a61.24tn for the 2027 fiscal year, allocating 68 per cent of the total expenditure to capital projects and… <\/p>\n","protected":false},"author":1,"featured_media":7685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/7684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=7684"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/7684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/7685"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=7684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=7684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=7684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}