Question 39
Local GovernmentA major source of revenue in the post-1976 local government in Nigeria is
- A.the joint state-local government account.
- B.internally generated revenue.
- C.the federation account.
- D.grants and loans.
Show the answer and explanation
Answer: C (the federation account.)
Explanation
Since 1976, local governments get most of their money as statutory allocations from the Federation Account.