Waec Model Questions Vol1 2024 Government Question 26

A local government receives three sources of revenue: a fixed federal allocation of N10 million, internally generated revenue (IGR) equal to 5 % of the total revenue, and a state grant equal to 20 % of the sum of the federal allocation and IGR. The council plans to allocate 60 % of total revenue to infrastructure, 25 % to health and the remainder to education. The projected population is 30 000 and is expected to grow by 2 % per year for the next three years. The education allocation must not exceed a per‑capita amount of N500 in the third year. Does the current allocation plan satisfy the per‑capita education limit in the third year? If not, calculate the maximum percentage of total revenue that can be allocated to education in the third year while keeping the infrastructure and health percentages unchanged.