Diversifying the economy, raising human capital, fast-tracking key development projects: these are major issues the new administration of Bayelsa State in the Niger Delta is keen to address rapidly. How to operationalize growth and investment, how to leverage on the State’s comparative advantages and growing security are elements the team around Governor Seriake Dickson is planning presently.
With a 23km uninterrupted beach within rapid reach of large cities such as Port Harcourt and Warri, a specific humid ecosystem with large potential for fisheries, palm (oil, wine and spirits) as well as rice, the State possesses huge potential in agriculture and tourism, both sectors in which Nigeria exhibits a trade deficit. Authorities are already looking at ways to increase human capital in farming and hospitality to further enhance Bayelsa’s competitive edge.
More strategically, the State is also looking at fast-tracking key infrastructure projects to reduce factor costs and bring Bayelsa closer to a high-value economic profile, building a diversified petro-chemical sector around the 10 mln ton/year liquefied natural gas facility planned at Brass on the Southern coast.