Neco Model Questions Vol1 2021 Government Question 30

A public agency has an annual budget of \(\text{₦}500\) million. The original allocation is 40% to personnel, 25% to operations, 15% to capital projects and the remaining 20% to contingency. A new policy requires the personnel allocation to be reduced by 10% of its original amount, with the saved \(\text{₦}\)20 million added to the contingency fund. The remaining budget is then redistributed between operations and capital projects in the same ratio as the original allocations. After this, the agency decides to increase capital projects by 10% of the new capital allocation, funding this increase by reducing operations by the same amount, while keeping the total budget unchanged. What are the final allocations (in \(\text{₦}\) million) to personnel, operations, capital projects and contingency?