The body set up to review the revenue allocation formula in 1980 was the
A. Udoji Commission B. Okigbo Commission C. Dina Commission D. Adebo Commission
Correct Answer: B
Explanation
Okigbo Commission was the body set up to review the revenue allocation formula in 1980. The commission known as the presidential commission recommended the following. 1. 55% to the federal government 2. 35% to state government and 3. 10% to local governments the Principles considered were: 1. Minimum responsibility. 2. Social development 3. Population and 4. Internal revenue effort.