Nigerian states are swimming in more cash now than ever before, thanks to Federal Account Allocation Committee (FAAC) largesse that has swelled their purses and created more fiscal space to fund key infrastructural projects. However, while total distributable FAAC revenue in Africa’s most populous nation reached a record N12.08 trillion between January to August 2025, spending on these key infrastructural projects like schools, roads and hospitals remains suboptimal. Read also:  Nigerian states are swimming in more cash now than ever before, thanks to Federal Account Allocation Committee (FAAC) largesse that has swelled their purses and created more fiscal space to fund key infrastructural projects. However, while total distributable FAAC revenue in Africa’s most populous nation reached a record N12.08 trillion between January to August 2025, spending on these key infrastructural projects like schools, roads and hospitals remains suboptimal. Read also: