The main source of financing local government in Nigeria is
- internal revenue generation
-
statutory revenue allocation
- special state grants
- grants-in-aid
The correct answer is: B
Explanation
In Nigeria, the main source of financing for local governments is statutory revenue allocation. This refers to the funds allocated to local governments by the federal government, which come from a share of the country's national revenue. These allocations are distributed based on the principles set out in the Nigerian Constitution and the revenue-sharing formula.