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JAMB Government 2003 Question 31

Question 31

Nigerian Federalism

Financial allocation to local governments by the federal or the state government to supplement the cost of a project is called

  1. A.revenue allocation
  2. B.reimbursement
  3. C.statutory allocation
  4. D.matching grant.
Show the answer and explanation

Answer: D (matching grant.)

Explanation

A matching grant is money a higher government gives to share the cost of a project with a lower government, which also puts in its own money.