*A state budget in Nigeria is a statement of intent, not a record of spending. The number signed in December is routinely revised mid-year and rarely implemented above 70% on the capital side. Read the figures below as the size of the claim, and the IGR line as the size of what the state can raise without Abuja.*
The numbers#
- 2025 approved budget: ₦699,573,167,592 (signed 24 December 2024)
- 2026 approved budget: ₦1.016 trillion (signed 23 December 2025)
- Internally generated revenue (2023, the latest NBS state-level IGR report): ₦19.82 billion (₦18.65bn tax, ₦1.17bn MDA revenue)
- Debt stock (31 December 2025, provisional): ₦51,382,362,509.30 domestic plus US$55,459,694.34 external (multilateral only)
Note#
Bayelsa has one of the weakest own-revenue bases in the federation — its 2023 IGR is worth under three per cent of its 2025 budget, and its ministries and agencies raised barely ₦1.17bn of it. A state that produces oil and collects almost no tax is the derivation formula in one line. The monthly Federation Account receipt is omitted: no per-state line from a primary release was confirmed in this pass.
References
Sources#
- Bayelsa State Government, 2025 and 2026 Appropriation Laws (signing releases, 24 December 2024 and 23 December 2025)
- National Bureau of Statistics, Internally Generated Revenue at State Level (2023), published October 2024
- Debt Management Office, States and FCT Domestic and External Debt Stock as at 31 December 2025 (provisional)