Blue Economy Potentials and its impact on Bayelsa State Economy

Abstract

The Blue Economy has emerged as a strategic pathway for economic diversification and sustainable development in coastal regions, particularly in resource-rich but development-constrained areas such as Nigeria’s Niger Delta. This study examines the relationship between Blue Economy potentials and economic development in Bayelsa State, focusing on fisheries, marine transport, coastal tourism, and environmental governance. A survey research design was adopted, with data collected from 300 respondents using a sample size determined by the Taro Yamane formula. Content validity ensured instrument adequacy, while internal consistency reliability produced a Cronbach’s Alpha coefficient of 0.81. Data were analyzed using Spearman’s Rank Correlation Coefficient at a 95 percent confidence level. The findings reveal a strong and statistically significant relationship between Blue Economy potentials and economic development in Bayelsa State, providing empirical support for neoclassical growth theory by demonstrating how investment in marine-based sectors enhances productivity, income generation, and capital accumulation. Based on these findings, the study recommends the formulation and implementation of a comprehensive state-level blue economy policy aligned with national and international frameworks, strategic investment in modern marine infrastructure, strengthened institutional capacity, and multi-stakeholder collaboration, alongside the inclusive empowerment of coastal communities through skills development, access to finance, and participatory governance, to achieve sustainable and equitable economic transformation beyond oil dependence.