Question on: JAMB Government - 2003
Financial allocations 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
Financial allocations to local government by the federal or the state governments to supplement the cost of a project is called matching grants.
Local governments in turn give matching grants to communities or institutions for completion of certain projects such as schools.
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