The federal government approved ?140m to local governments W, X, Y and Z. The amount is to be shared on the basis of 40% equality, 35% population and 25% in...
Question 1 Report
The federal government approved ?140m to local governments W, X, Y and Z. The amount is to be shared on the basis of 40% equality, 35% population and 25% internal revenue generation. Calculate the share of local government W on equality?
Answer Details
The share of local government W on equality can be calculated as follows:
Share on equality = 40% of ₦140m
= (40/100) x ₦140m
= ₦(40/100) x 140,000,000
= ₦56,000,000
Therefore, the share of local government W on equality is ₦56m.
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