Question on: JAMB Government - 2021
Financial allocation to local governments by the federal or the state government to supplement the cost of a project is called_____
A
Revenue allocation
B
Reimbursement
C
Statutory allocation
D
Matching grant
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Correct Option: D
Option D is the correct answer.
Matching funds refer to financial resources that are allocated according to the amount of money obtained from other sources. They are commonly used in situations related to charitable causes or public benefit.
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