It might be important to point out the hefty impact of oil crash on Nigeria's economy, especially government's revenues and exports aka 'hard currency':
From the UN report Media Kit 2013Nigeria’s Government Promotes Linkages in Oil Sector Nigeria is highly dependent on the oil sector, which is currently the country’s main source of its foreign exchange earnings and, growth although the contributions of non-oil sector to growth has been growing in recent years. From 1980 to 2010, oil revenues contributed an average of 76% of the federal government’s revenues. Nigeria’s exports are also seriously undiversified, with oil accounting for an average of 97% of exports over the same period. Nonetheless, efforts are being made to improve linkage between the oil sector and other sectors of the economy, albeit with moderate success.
The FT article "Nigeria devalues currency as oil prices drop" has a bit more about the problems around Nigeria's oil production and governance in years past:
A big shortfall in the federal budget will hardly help in the fight against the Islamists...The shortage of savings and hard currency reserves is partly the result of huge shortfalls in oil revenues being remitted to the treasury during the recent boom. Mr Sanusi, the former central bank governor, was suspended earlier this year after he alleged that up to $20bn owed by the state oil company was unaccounted for and warned he would be unable to defend the naira should there be an oil price shock. The findings of a PwC audit commissioned by the government on the allegations were due in August but have yet to be made public.
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