Despite receiving N90 billion ECA funds in one year, Bayelsa ranks highest in poverty

Despite receiving N90 billion ECA funds in one year, Bayelsa ranks highest in poverty

Bayelsa state with 2.5 million populations and eight Local Government Areas ranks second poorest state in Nigeria despite receiving N90 billion in Excess Crude Account (ECA) revenue from the federal government in 2022 and that excludes other revenues totaling millions of Naira. ECA is money from oil revenue in excess of the budget benchmark of …

Despite receiving N90 billion ECA funds in one year, Bayelsa ranks highest in poverty Read More »