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GOVERNMENT

JAMB 2003 - Question 31

Government 2003 JAMB Past Questions - Question 31: Financial allocation to local governments by the federal or the state government to supplement the cost of a project is called

Choose the most appropriate option for the gap .

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 Answer

Explanation

Financial allocations to Local Government by theFederal or the State Governments tosupplement the costs of project is called matching grants. Local governments in turn give matching grantsto communities or institutions for completion of certain project such asschools