Business Economy of Bayelsa State

Business and Economy of Bayelsa State

Business Economy of Bayelsa State
The major occupations in the State are fishing, farming, palm oil milling, lumbering, palm wine tapping, local gin making, trading, carving and weaving.

Bayelsa State is a major oil and gas producing area and it contributes over 30% of Nigeria's oil production. Bayelsa State is home to Oloibiri in Ogbia Local Government Area, where oil was first struck in Nigeria in commercial quantities in 1956. Gas production activities are currently being intensified in the State as feedstock to the LNG Gas Supply Plants in Bonny which is located in Oluasiri local government area of the state. Also the gas feed will feed into the proposed national associated gas gathering networks that will feed other LNG plants, power plants and end users in the manufacturing sector. The major oil exploration and production companies operating in the State are Shell, Agip and ChevronTexaco.

The Kolo Creek Gas Turbine Project owned by the Bayelsa State Government supplies electricity to Yenagoa, the State Capital, and surrounding towns and villages. Bayelsa State is, presently, the only State in Nigeria that provides electricity for itself without any supply from the National Electricity Grid.

Bayelsa State has large reserves of clay, sand and gravel. 

Banks in Bayelsa
Brief History of Bayelsa
Business and Economy
General and Teaching Hospitals
Hotels and Guest Houses
Bayelsa State Ministries Agencies and Parastatals
Police Stations
Popular Markets
Shopping Malls
Restaurants, Bars, Night Clubs
Traditional Rulers


Akassa Lighthouse
Akassa Slave Transit Camp and Tunnel
Isaac Jasper Adaka Boro Monument
Oxbow Lake
Peace Park
White-Man Graveyard at Twon Brass

Amasinghan Festival
Asi Oge Festival
Eremutoru Festival
Idumangi Festival
Idumangi Olali
Igboruma War Canoe
Ikpai-Kpai Annual Festival
Ikagi Masquerade
Izogua Annual Festival
Lake Ifi Fishing Festival
Obunem Festival
Odemimom Festival
Ogoriba Uge Festival
Oguberi Festival
Okolode Festival
Opuaduno Lake Fishing Festival
Uge Adiafa Festival
Seigbein Fishing Festival

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