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Nigeria’s economy faces a growing consumer spending challenge, with financial analyst Kalu Aja arguing that people are not buying enough to drive economic activity. From the rising cost of living and pressure on household incomes to the decline in demand for new cars and the growing presence of cheaper Chinese alternatives, what does this reveal about the state of Nigeria’s economy? We examine why consumers are holding back, how this is affecting businesses, and what needs to change to restore purchasing power and stimulate demand. Don't forget to subscribe: https://bit.ly/2Hb8hjx Watch more interesting videos: https://bit.ly/34ogCaw Follow Channels Television On: https://www.facebook.com/channelsforum https://twitter.com/channelstv https://www.instagram.com/channelstelevision Get more news on our website: https://www.channelstv.com/ #ChannelsTv #newsupdate #news #newsinnigeria #newstoday #newsheadlines #Politicstoday #ChannelsTVNews #Nigeria #Lagos #Nigerianews #Nigeriannews #channelstelevision #Channelstv #Channels #AfricaNews #BreakingNews #Nigerianpolitics