Nigeria In Trouble As Biggest Car Market, China Plans To Ban Production And Sale Of Petrol Vehicles

at 10:35 AM, 11 Sep 17 (4 months ago)
(4395 | Gistmaniac) (f)

The world’s biggest car market, China, is now planning to ban the production and sale of diesel and petrol vehicles, further threatening the future profitability of oil — Nigeria’s major revenue source.
BBC reports that the development is coming two months after the UK, like  Germany,  France, India, Norway and Netherlands, revealed plans to ban fuel-run cars, as part of efforts to reduce air pollution.
The ban will lead to a reduction of oil demand in China, as the country is currently the world’s second-largest oil consumer after the United States, US.
China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.
Xin Guobin, China’s vice industry minister, said it had started “relevant research” but that it had not yet decided when the ban would come into force, according to BBC.
“Those measures will certainly bring profound changes for our car industry’s development,” Guobin told Xinhua, China’s official news agency.
China made 28 million cars last year, almost a third of the world’s total production.
Chinese-owned carmaker Volvo said in July that all its new car models would have an electric motor from 2019.
Geely, Volvo’s Chinese owner, aims to sell one million electric cars by 2025.
Other global car firms including Renault-Nissan, Ford, and General Motors are all working to develop electric cars in China.
Oworen25 at 11:13 AM, 11 Sep 17 (4 months ago)
(12289 | Hero) (m)
Wettin concern us with their car
crocatum at 11:31 AM, 11 Sep 17 (4 months ago)
(2659 | Gistmaniac) (m)
Quote from: Oworen25 on 11:13 AM, 11 Sep 17
Wettin concern us with their car

it concerns our oil profits, once china does this and china has nothing to gain from oil, it will cause a ripple or cascading effect, where the profit of oil will no more be important
ejikeiyo at 11:55 AM, 11 Sep 17 (4 months ago)
(1290 | Gistmaniac) (m)
ruthie at 12:18 PM, 11 Sep 17 (4 months ago)
(11200 | Hero) (f)
chukkychukky at 12:33 PM, 11 Sep 17 (4 months ago)
(5956 | Gistmaniac) (m)
we wey no dey get light hw we wan take drive am
Sniper101 at 01:07 PM, 11 Sep 17 (4 months ago)
(1674 | Gistmaniac) (m)
if Saudi Arabia(who produces and exports oil far more than any other country in the world) and the United states(who's citizens consume gas/petrol more than everybody else) survives this, then am sure Nigeria and Nigerians will survive it too

.....Nigerians have always been known for their enviable ability to adapt
Floyd29 at 06:54 PM, 11 Sep 17 (4 months ago)
(2176 | Gistmaniac) (f)
Better oh
tegonwa at 09:08 PM, 11 Sep 17 (4 months ago)
(6314 | Gistmaniac) (m)
No Be Small Trouble Be Dis O.Na Im Be Say Na We Go Dey Drink Our Petrol By Ourselves.Baba God Abeg Helep Us.Amen.Nawaa O!
yawa_don_gas at 04:28 AM, 16 Sep 17 (4 months ago)
(30698 | Addicted Hero) (m)
Please please hold on, why e be say everywhere I take even when I wan hide yawa dey there?
Why why?
Na yawa life, yawa goes on
Novic at 05:34 PM, 24 Sep 17 (3 months ago)
(15384 | Hero) (m)
This is serious ooooo..... make I just dey waka pass..... abeg I dey waka pass, I will come and comment later.
This one weak me ooooo, well life must goes on.
I dey waka come bare
BournIdentity at 06:01 AM, 25 Sep 17 (3 months ago)
(46341 | Addicted Hero) (m)
Roll Eyes                                                                           


  1. james987 on: "To Suck D..k Is A Great Talent" - Controversial Mum, Maheeda Gives Women Talent Advice
    Area girl,tout.... 31 mins ago ago
  2. WhaleDog on: 20 Years Old Lady Narrates How She Was Rap3d During Job Interview In Ilupeju, Lagos
    [quote author=slimber link=topic=352375.msg5400999#msg5400999 date=1516660073]How can one person rap... 46 mins ago ago
  3. teral on: Nigerians Blast Senator Mustapha Sani After Commissioning Electric Pole In His Constituency (Pho
    LOL  ;D ;D ;D  SHAMELESS  PEOPLE ... 47 mins ago ago
  4. james987 on: My Ex-Husband Was Gay That Was Why I Ran To Daddy Freeze - Fiance, Benedicta Elechi
    [quote author=tellyy1122 link=topic=352376.msg5401001#msg5401001 date=1516660163]sooooooo would it m... 48 mins ago ago
  5. slimber on: Ex- Presidential Aspirant Chief Olu Falae Reacts After Herdsmen Set His Entire Farm Ablaze In On
    Even you too okoo sorry but nah turn by turn... 1 hr ago ago