For a state that has long lived under the shadow of its own oil wells, Bayelsa’s latest tax numbers read almost like fiction. Known for being heavily dependent on federal allocations, Bayelsa just pulled off an unlikely feat in 2024 — a 250% surge in tax revenue within a single year.
According to BudgIT’s recently released State of States report, Bayelsa’s tax receipts jumped from ₦18.21 billion in 2023 to an unprecedented ₦63.67 billion in 2024, with personal income tax alone soaring from ₦14.12 billion to ₦55.19 billion. The increase is so
