Correct Answer: Option 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.

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