Windfall without works: N12trn FAAC revenue in 7 months fails to lift infrastructure 

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.

But while total distributable FAAC revenue in Africa’s most populous nation reached a record N12.08 trillion between January to July 2025, spending on these key infrastructural projects like schools and hospitals remains sub