Question 38
Public FinanceWhich of these factors does not affect revenue allocation in Nigeria?
- A.Needs of an area
- B.Size of the population of an area
- C.Number of industries and land area
- D.Revenue derivable from an area
- E.Development needs of the country.
Show the answer and explanation
Answer: C (Number of industries and land area)
Explanation
Revenue allocation principles include need, population, derivation and national development, but not the number of industries.