Preheat oven to 350°. Spray a 13×9-inch baking pan with cooking spray.
In a large bowl, whisk together flour, 1½ cups sugar, baking powder, salt, and baking soda.
In a medium bowl, whisk together buttermilk, Fig Preserves, oil, eggs, and vanilla extract until well combined. Whisk buttermilk mixture into flour mixture until combined. Fold in pecans. Spread batter into prepared pan.
Bake until a wooden pick inserted in center comes out clean, 40 to 45 minutes. Let cool completely in pan.
Meanwhile, in a medium bowl, stir together fresh figs, vanilla paste, and remaining ¼ cup sugar. Let stand for 30 minutes, stirring occasionally. Serve cake with whipped cream and fig mixture. Store cake in an airtight container for up to 3 days.
Notes
You can also make this cake with store-bought fig preserves.
Recipe by Paula Deen Magazine at https://pauladeenmagazine.com/fig-snack-cake/