Multichoice, a major satellite television service in Sub-Saharan Africa is set to increase subscription prices for DStv, GOtv in Nigeria again.
This is coming almost one year after its last price review.
According to TheCable, sources said the company in its latest price review will hike the DStv Compact bouquet from N15,700 to N19,000.
Subscribers to Compact, Access and Family bouquets form the bulk of MultiChoice subscribers.
Family and Access bouquets may have their tariffs reviewed from N9,300 to N11,000 and N5,100 to N6,000 respectively.
It is also said that the two highest-priced bouquets, Premium and Compact+, will also be affected by the rate review.
GOtv Value customers, who currently pay N3,600, will start paying N3,900, while the tariff on GOtv Plus will rise from N4,850 to N5,800, sources further told the media.
The fall in the value of the naira along with increased energy costs have been blamed for upward price reviews across across telecommunications, transportation and consumer goods in general..
“Since 2023, when the federal government began its economic reforms of fuel subsidy removal, naira floatation and electricity tariff increase among others, prices of goods and services have almost quadrupled, with the inflation rate at 34.80 per cent as at December, 2024,” an industry source said, adding that businesses have been forced to increase prices, with some doing so as many as three times last year.
This is coming as Nigerians are expressing outrage over a big jump in the price of mobile data charged by some of the country’s major phone networks
Following the recent approval by the Nigerian Communications Commission (NCC), which permitted telecommunications operators to raise their tariffs by up to 50 percent, MTN Nigeria and Airtel Nigeria increased calls, data and other prices.
The NCC defended the approval saying it will boost revenue of the telecos in order to cover rising costs.
Also, on January 23, Wale Edun, minister of finance, said the tariff in the telecommunications sector would undergo periodic reviews.
Nigerians have been living through a long cost-of-living crisis with inflation rates not seen for three decades. Any increase in prices adds to the struggle for many to make ends meet.
