Trouble Looms for Nigeria if China plans to ban Gasoline, Diesel Vehicles

China, the world’s largest automotive market, plans to ban the production and sale of diesel and petrol vehicles, which further threatens the future profitability of oil – the main source of income for Nigeria. The development comes two months after the United Kingdom, such as Germany, France, India, Norway and the Netherlands, revealed plans to ban fuel vehicles as part of efforts to reduce air pollution. The ban will lead to a reduction in oil demand in China, as the country is currently the world’s second largest oil consumer after the United States, USA. China wants to charge electric battery cars and plug-in hybrids for at least one fifth of her car sales in 2025. Xin Guobin, China’s Deputy Minister, said that “relevant research” began but it had not yet decided when The ban would come into force, according to the BBC. “Those measures will certainly lead to major changes in the development of our automotive industry,” said Guobin Xinhua, China’s official news agency. China made 28 million cars last year, almost one third of total production in the world. Chinese car owner Volvo said in July that all its new car models would have an electric motor from 2019. Geely, the Chinese owner of Volvo, aims to sell one million electric cars in 2025. Other global carriers, including Renault-Nissan, Ford and General Motors, are all working to develop electric cars in China.

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