MAX10 FPGA on-chip memory size question

Hi,
in the datasheet of the MAX10 FPGA type10M50DAF484C8GES I read that the on-chip memory has a size of 1,677,312 kbits.
This means a size of more than 209 MBye. This seems to be extremely large.
Is this correct?

Second question:
I want to devide this on-chip memory into 24 FIFOs of 2 MByte, 12 bit wide.
Can I do this?

Thank you.
Regards.