MultiChoice Nigeria, a leading satellite TV provider in the country, has announced a price increase for its DStv and GOtv packages. The company informed subscribers via text message on April 25, 2023, that the new prices would take effect from May 1, 2023. The increase is in response to Nigeria’s rising inflation, which has impacted the company’s business operations.
In the message, MultiChoice Nigeria stated,
Due to the various economic challenges impacting our business operations, we have had to review the price of our packages to continue delighting our customers with great entertainment, anytime and anywhere.”
The new prices will affect all DStv and GOtv packages. The DStv Premium package will have the highest percentage increase of 16.7%. It will go from ₦21,000 to ₦24,500, representing an addition of ₦3,500. The DStv Compact+ package will experience an increase of ₦2,350 or 16.5%, rising from ₦14,250 to ₦16,600. The Compact package will rise from ₦9,000 to ₦10,500, a 16.7% increase.
The Confam package, currently priced at ₦5,300, will see a 17% increment to ₦6,200. The DStv Yanga package will get a ₦550 boost from ₦2,950 to ₦3,500, equivalent to 18.6%. Lastly, the DStv Padi package will increase from ₦2,150 to ₦2,500, a difference of ₦350 or 16.3%.
This is not the first time MultiChoice Nigeria has increased its prices. In September 2020, at the peak of the COVID-19 pandemic, the company raised the monthly price of its Premium package from ₦16,200 to ₦18,400. Other higher packages, such as Compact Plus and Compact, were also affected. Subscribers were asked to pay ₦12,400 and ₦7,900, respectively.
However, MultiChoice Nigeria later slashed its prices on February 1, 2021.
This was to provide relief to customers from the recession in Q4 of 2020 and the impact of the pandemic. The DStv HD decoder, dish kit with the Compact package subscription dropped from ₦18,600 to ₦9,900 on the Confam package. Furthermore, the GOtv decoder, GOtennae with the GOtv Jolli package subscription went from ₦8,400 to ₦6,900. But in March 2022, DSTV hiked its prices again due to economic challenges impacting its business operations.
The price increase has stirred mixed reactions among subscribers. While some understand the challenges faced by MultiChoice Nigeria and the need to adjust prices, others have expressed disappointment and dissatisfaction. Many subscribers rely on satellite TV for their daily entertainment. subsequently, it remains to be seen how these increases in prices may impact their budget and viewing habits.
