Nigeria's economy is under pressure from oil price drop
Nigeria is Africa's largest oil producer, pumping over two million barrels a day. For decades, the country has relied heavily on the oil sector to bring in taxes and foreign exchange.
But the drop in the oil price has knocked the value of the local currency - the naira - by nearly 20%.
Those immediately affected are ordinary people, and also the new generation of investors who only entered the oil and gas businesses in recent years.
Lerato Mbele reports from Port Harcourt, in southern Nigeria, for Africa Business Report.
13 Feb 2015
- From the section Business