Nigeria is Africa’s biggest oil producer. But the fall in crude oil prices has Nigerians preparing for a below average economy this year. Nigeria’s economy has long been linked to oil. The country now produces more than two million barrels of oil a day. Experts are worried, however, because crude oil prices have fallen below $30 a barrel. In 2014, oil was still valued at over $100 a barrel. Nearly 70 percent of the Nigerian government’s revenue comes from the sale of oil. Oil makes up over two-thirds of Nigeria’s exports. That puts the country in a difficult position, according to energy experts. “Oil is basically government’s main source of revenue of running the economy, or running the budget,” said Dolapo Oni, Ecobank’s Head of Energy Research. When elected in 2015, President Muhammadu Buhari promised to provide jobs and to stop corruption.
Title: Rocky Year Ahead for Nigeria Amid Oil Price Crash
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/rock_audio.m4a' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Rocky Year Ahead for Nigeria Amid Oil Price Crash' data-article-id='1241'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='3750'>Nigeria is Africa’s biggest oil producer. </span> <span data-start-time='3750' data-end-time='12583'>But the fall in crude oil prices has Nigerians preparing for a below average economy this year.</span> <span data-start-time='12583' data-end-time='17354'>Nigeria’s economy has long been linked to oil. </span> <span data-start-time='17354' data-end-time='23375'>The country now produces more than two million barrels of oil a day.</span> <span data-start-time='23375' data-end-time='32063'>Experts are worried, however, because crude oil prices have fallen below $30 a barrel. </span> <span data-start-time='32063' data-end-time='39958'>In 2014, oil was still valued at over $100 a barrel.</span> <span data-start-time='39958' data-end-time='48375'>Nearly 70 percent of the Nigerian government’s revenue comes from the sale of oil. </span> <span data-start-time='48375' data-end-time='54146'>Oil makes up over two-thirds of Nigeria’s exports. </span> <span data-start-time='54146' data-end-time='61063'>That puts the country in a difficult position, according to energy experts.</span> <span data-start-time='61063' data-end-time='75542'>“Oil is basically government’s main source of revenue of running the economy, or running the budget,” said Dolapo Oni, Ecobank’s Head of Energy Research.</span> <span data-start-time='75542' data-end-time='85896'>When elected in 2015, President Muhammadu Buhari promised to provide jobs and to stop corruption. </span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/826/rock_image.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=5299 data-hint-location='3750' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/what_does_crude_mean.m4a'>What does crude mean?</div><div class='choices' data-correct-choice='unprocessed'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/unprocessed.m4a'><span>unprocessed</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/a_form_of_measurement.m4a'><span>a form of measurement</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/paid_by_the_government.m4a'><span>paid by the government</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/a_business_organization.m4a'><span>a business organization</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=5300 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/what_does_nigeria_produce.m4a'>What does Nigeria produce?</div><div class='choices' data-correct-choice='oil'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/sugar.m4a'><span>sugar</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/cotton.m4a'><span>cotton</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/oil.m4a'><span>oil</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/coffee.m4a'><span>coffee</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=5301 data-hint-location='39958' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/most_of_the_nigerian_governments__blank__comes_from_the_sale_of_oil__.m4a'>Most of the Nigerian government's <span class='blank'>revenue</span> comes from the sale of oil. </div><div class='choices' data-correct-choice='revenue'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/system.m4a'><span>system</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/politics.m4a'><span>politics</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/trade.m4a'><span>trade</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/826/revenue.m4a'><span>revenue</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button 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