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Financial allocation to local governments by the federal or the state government to ...

Financial allocation to local governments by the federal or the state government to supplement the cost of a project is called ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Revenue allocation
  • B Reimbursement
  • C Statutory allocation
  • D Matching grant
Correct Answer: Option D
Explanation:
Option D is correct

Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good.

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