MultiChoice is reportedly set to increase the monthly subscription rates for its DStv and GOtv packages, with the popular Compact bouquet rising from ₦15,700 to ₦19,000, industry sources have confirmed.......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
This development comes almost a year after the company’s last price review and follows the continuous depreciation of the naira, rising inflation, and increased energy costs.
Price Adjustments Across Bouquets
Subscribers to DStv Compact, Access, and Family bouquets, which make up a significant portion of MultiChoice’s user base, will all be affected by the adjustments.
DStv Compact: ₦15,700 → ₦19,000
DStv Family: ₦9,300 → ₦11,000
DStv Access: ₦5,100 → ₦6,000
DStv Premium & Compact+: Also set for increases (exact figures yet to be confirmed).
For GOtv users, the Value and Plus packages will also see changes:
GOtv Value: ₦3,600 → ₦3,900
GOtv Plus: ₦4,850 → ₦5,800
Economic Realities Forcing Price Hikes
A source within the industry who spoke with TheCable attributed the price adjustments to the ongoing economic reforms by the Federal Government, including fuel subsidy removal, Naira floatation and electricity tariff increase.
“Since 2023, when the Federal Government began its economic reforms, prices of goods and services have almost quadrupled. Inflation is currently at 34.80% (as of December 2024), and businesses have been forced to adjust prices, some as many as three times last year,” an industry insider stated.
Several companies operating in Nigeria, including those in the telecommunications, transportation, and consumer goods sectors, have struggled with foreign exchange instability, leading to huge financial losses.
