Nigeria’s fragile economy is under big threat following China, the world’s largest auto market’s plan to ban production of petrol and gas consuming cars in a bid to boost the manufacturing of electric vehicles.

The leading Asian country seeks to use the ban on the production of fossil cars to ease its pollution crisis.

The move would follow similar plans announced by France and Britain to outlaw the sale of petrol and diesel cars and vans from 2040 to clamp down on harmful emissions.

Nigeria’s economy depends largely on oil receipts and a move like this would further throw the economy off balance.

Xin Guobin, vice minister of industry and information technology, told a forum in the northern city of Tianjin at the weekend that his ministry has started “relevant research” and is working on a timetable for China.

“These measures will promote profound changes in the environment and give momentum to China’s auto industry development,” Xin said in remarks broadcast by CCTV state television.

“Enterprises should strive to improve the level of energy saving for traditional cars, and vigorously develop new energy vehicles according to assessment requirements,” he said.

China produced and sold more than 28 million vehicles last year, according to the International Organization of Motor Vehicle Manufacturers.

The sale of new energy vehicles topped 500,000 in the world’s second largest economy in 2016, over 50 percent more than the previous year, according to national industry figures.

The government introduced in June a draft regulation to compel automakers to produce more electrically-powered vehicles by 2020 through a complex quota system.

As the measure looms, foreign auto makers have announced plans to boost the production of electric cars in China.

Volvo will introduce its first 100-percent electric car in China in 2019, while Ford will market its first hybrid vehicle in early 2018 and envisions 70 percent of all Ford cars available in China will have electric options by 2025.

Xin said the policy would be implemented “in the near future”, according to the official Xinhua news agency.

http://www.newsonlinenaija.com/china-threatens-nigerias-economy-moves-stop-production-petrol-diesel-cars/

I also heard that Nigeria will start importing electric cars from 2018. Where's the power to charge a mobile phone not to talk of a car?

One day the north would look at the south and say 'get thee behind me you parasites'

zuchyblink:
One day the north would look at the south and say 'get thee behind me you parasites'

It will never happen, even without oil and gas

Nigerians please grow some sense. Oil and gas is dead. Move on and recalculate. It will happen suddenly.

able20:

It will never happen, even without oil and gas

Even now they don't give a shit. Oil and gas does not impact more than 0.0005% of people in the North but they are making 10000 millionaires per year from agriculture. The joke is on the people who don't change with change. Again...it will come suddenly.

why should nigerians panic??...it just means we will have enough oil for ourselfs and price will fall dramaticaly in nigeria...

I wonder how this affects Nigeria.

As far as I know and according to released statistics, China is not among the top 14 buyers of Nigerian oil. The UK is the last on the list and Nigeria only imports 1.3% of its oil to the UK.

Sugarcious:
I also heard that Nigeria will start importing electric cars from 2018. Where's the power to charge a mobile phone not to talk of a car?

i dont think nigeria will stop using petrol cars any soon...and those foreighn moronns will dump their petrol cars that they have now in africa anyways.....

while other countries are investing in researches to find new ways of improving the living standard of their people, our leaders are busy playing politics before the masses, and afterwards they will go behind us and engage in corporate and organized looting. I have always been telling whoever cares to listen that it's either all our leaders are senseless, incompetent and incapable of leading us or they know what to do but wickedly refuse to do it..I see no reason why we should we should be struggling economically in the midst of abundant resources....

Sugarcious:
I also heard that Nigeria will start importing electric cars from 2018. Where's the power to charge a mobile phone not to talk of a car?

Na trillion naira business for some people you take mouth common ize like dat? My dear young man, don't make the mistake some of us have in life. Think big, use imagination and know that everything is possible.
Every filling station can have 200 charging points or battery pack lease business. Please you are young always ask yourself .."What is the solution to this problem that I can offer to make money. What can I invent?.."

While we have our heroes past to thank for keeping Nigeria in the dark ages, I can't help but laugh at the title of this post

On another thread, I specifically informed LiePobians this "awa oyel" they want to die for will become obsolete by 2025

I was able to pass that information because I read something about Europe and America banning usage of fossil fuel powered vehicles , but as usual they took turns to insult me, telling me how stupid I am , telling me other countries will buy their precious "oyel"


Whether we like it or not, the era of fossil fuel is gradually coming to an end, Europe, China and America are the major importers of our fuel and once they pull out / stop buying well the economy is done for


Nigeria will not feel too much impact, but Biafraudians better find a alchemist that'll turn crude oil to diamond or gold otherwise, awa oyel will be as useless as cow piss

If I were Buhari, I'll save as much as I can for Nigerias economy till 2023, and give them Biafra by 2024 ending, let's see how they cope

Good! Majority of the masses haven't benefited anything from the oil!

tsdarkside:
why should nigerians panic??...it just means we will have enough oil for ourselfs and price will fall dramaticaly in nigeria...

If we can't sell oil our major produce to other countries then the economy will suffer.

Dangote go dey wan cry for him heart now


My refinery ooooo




Dey can stop d use of oil but gas is the real deal here ....gas is very important

Mille:
I wonder how this affects Nigeria.

As far as I know and according to released statistics, China is not among the top 14 buyers of Nigerian oil. The UK is the last on the list and Nigeria only imports 1.3% of its oil to the UK.

The UK already have plans to stop the production of vehicles using oil products too.

Mille:
I wonder how this affects Nigeria.

As far as I know and according to released statistics, China is not among the top 14 buyers of Nigerian oil. The UK is the last on the list and Nigeria only imports 1.3% of its oil to the UK.

Hope u know DAT China is among highest car producers in d world

Adminisher:


Even now they don't give a shit. Oil and gas does not impact more than 0.0005% of people in the North but they are making 10000 millionaires per year from agriculture. The joke is on the people who don't change with change. Again...it will come suddenly.

Lie Mohammed na ya papa?

Nemesis1:



While we have our heroes past to thank for keeping Nigeria in the dark ages, I can't help but laugh at the title of this post

On another thread, I specifically informed LiePobians this "awa oyel" they want to die for will become obsolete by 2025

I was able to pass that information because I read something about Europe and America banning usage of fossil fuel powered vehicles , but as usual they took turns to insult me, telling me how stupid I am , telling me other countries will buy their precious "oyel"


Whether we like it or not, the era of fossil fuel is gradually coming to an end, Europe, China and America are the major importers of our fuel and once they pull out / stop buying well the economy is done for


Nigeria will not feel too much impact, but Biafraudians better find a alchemist that'll turn crude oil to diamond or gold otherwise, awa oyel will be as useless as cow piss

If I were Buhari, I'll save as much as I can for Nigerias economy till 2023, and give them Biafra by 2024 ending, let's see how they cope

I think this ur post to b directed to ur afonjas not ipod

Nemesis1:



While we have our heroes past to thank for keeping Nigeria in the dark ages, I can't help but laugh at the title of this post

On another thread, I specifically informed LiePobians this "awa oyel" they want to die for will become obsolete by 2025

I was able to pass that information because I read something about Europe and America banning usage of fossil fuel powered vehicles , but as usual they took turns to insult me, telling me how stupid I am , telling me other countries will buy their precious "oyel"


Whether we like it or not, the era of fossil fuel is gradually coming to an end, Europe, China and America are the major importers of our fuel and once they pull out / stop buying well the economy is done for


Nigeria will not feel too much impact, but Biafraudians better find a alchemist that'll turn crude oil to diamond or gold otherwise, awa oyel will be as useless as cow piss

If I were Buhari, I'll save as much as I can for Nigerias economy till 2023, and give them Biafra by 2024 ending, let's see how they cope

Bifara will not be an oil country like the zoo

GrandGarcon:
Bifara will not be an oil country like the zoo

Sorry to disappoint you but all your lands have crude oil spills, average cocoa maturity years is 5, rubber is about 13, oil palm is around 3-4 years and I'm talking about genetically altered agreed seeds


How soon do you think you'll stop relying on oil? Truth is bitter

IgbotiicGirL:



Hope u know DAT China is among highest car producers in d world

Still doesn't stop their production of petrol/diesel cars for export. The government is not stopping them from producing the cars, but only for them producing the cars meant for local use, ie, in China only.

China doesn't buy fuel from us. Only those they buy from should be affected.

It haf Tayed

Nemesis1:
[s]


While we have our heroes past to thank for keeping Nigeria in the dark ages, I can't help but laugh at the title of this post

On another thread, I specifically informed LiePobians this "awa oyel" they want to die for will become obsolete by 2025

I was able to pass that information because I read something about Europe and America banning usage of fossil fuel powered vehicles , but as usual they took turns to insult me, telling me how stupid I am , telling me other countries will buy their precious "oyel"


Whether we like it or not, the era of fossil fuel is gradually coming to an end, Europe, China and America are the major importers of our fuel and once they pull out / stop buying well the economy is done for


Nigeria will not feel too much impact, but Biafraudians better find a alchemist that'll turn crude oil to diamond or gold otherwise, awa oyel will be as useless as cow piss

If I were Buhari, I'll save as much as I can for Nigerias economy till 2023, and give them Biafra by 2024 ending, let's see how they cope [/s]

But that is what IPOB have been praying for so you leeches can go away.

In one of Kanu's broadcasts while in london, he prayed fervently that crude oil dries up so that you leeches can leave and Biafra can see the backs of you 'baboons and monkeys' as your daura god calls you.

Why are you pretending not to remember this? Abi IPOB's hammer on your skull deleted that fact? Lol.

Habyz:

If we can't sell oil our major produce to other countries then the economy will suffer.

i dont think soo...we will just be forced to look for something else...and their would be much less to loot...

i think thats a good thing....

Crude oil can be used fr so many things, not only PMS,a.g.o and others.

One thing is certain, petrol cars would become so f**kin cheap here in nigeria


the only electric car that can survive here in nigeria is an electric car powered by either water, air or sun

WITH THE ADVENT OF ELECTRIC AND SOLAR CARS,OIL IS DRASTICALLY BECOMING USELESS

Anticabal:


But that it what IPOB have been praying for so you leeches to go away. In one of Kanu's broadcasts while in london. He prayed fervently that crude oil dries up so that you leeches Biafra can see the backs of you 'baboons and monkeys' as your daura god calls you.
Why are you pretending not to remember this? Abi IPOB's hammer on your skull deleted that fact? Lol.

Continue to bask in your genetic stupidity

I always shudder at what Nigeria will be like in a decades time if it does not break up. Over 40% of afonjas will become full time skull miners, more drug lords will emerge from the East while majority of the a.b.ok.is that survive starvation will join boko haram and finally all the youths in niger delta will become make a career from bunkering and kidnapping! This is doomed, I really fear for the future of the youths and generation unborn. Cursed Nation!!!

tsdarkside:
why should nigerians panic??...it just means we will have enough oil for ourselfs and price will fall dramaticaly in nigeria...

Delusions and ignorance! Your country is doomed going forward and you are here talking trash. When only a few African countries are left to buy our oil and we manage to sell only only 10,000 barrels per day, that is when you will understand.