Export of Hibiscus Flower to Global Market and Its Impact to Bayelsa State Economy.

This paper explores the economic impact of hibiscus flower exports on Bayelsa State, Nigeria. The objective of this study was to examine how various dimensions of hibiscus flower export, such as export volume, export regulations and policies, and market demand, relate to economic impact measures, such as export revenue, foreign exchange earnings, and job creation in agriculture. To achieve this, the study aimed to explore the relationships between export volume and export revenue, export regulations and foreign exchange earnings, and market demand and job creation in the agricultural sector. Using a quantitative approach, data were collected from 230 hibiscus farmers, traders, exporters, and government officials in Bayelsa, with 200 questionnaires returned, representing an 87% response rate. The data were analyzed using Spearman’s Rank Order Correlation Coefficient with the aid of SPSS 22.0. The findings reveal significant relationships between these variables, highlighting that increasing export volume enhances revenue, while effective export regulations improve foreign exchange earnings. Furthermore, rising market demand for hibiscus directly correlates with job creation in agriculture. The paper concludes that by expanding hibiscus cultivation, improving regulatory frameworks, and leveraging global market demand, Bayelsa can diversify its economy, create sustainable jobs, and strengthen its position in international trade, fostering long-term economic growth and rural development.