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:

Option B – Okigbo Commission

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.