The term ‘Ibadan School’ is used here in two senses, locational and generic, and refers to studies on, and students of, federal finance that have employed a distinctive approach. Some of the most dominant figures in this group are (or used to be) on the staff of the University of Ibadan, and when it was decided after independence in 1960 that Nigerians themselves should handle the recurrent problems of federal finance, the task fall on the laps of a number of western-trained, liberal, and orthodox economists.