Financial allocations to local governments by the federal or the state government to supplement the...

JAMB 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 Answer: Option D

Explanation

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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