VAM News update
It was gathered that the new bouquet price will take effect from November 6.
Pay TV firm MultiChoice Nigeria has hiked prices of DStv and GOtv for the third time in 2023.
The platform said sources at MultiChoice who pleaded anonymity confirmed the development.
According to the report, the new bouquet price will take effect from November 6.
The latest increase is which is another 17% increase will have GOtv subscriber pay N12,500 for the Supa+ package the highest subscription price as against the N10,500 which it initially cost. DStv subscribers will also be made to pay N29,500 as against the N24,500 it earlier charged premium subscribers.
The latest increase comes as Nigerians continue to battle the ripple effect of fuel subsidy removal and and the weakening value of the country’s currency at the FX market.
President Bola Tinubu had on assumption of office immediately removed subsidy on fuel, the development caused a significant hike in the pump price of fuel from about N189 per liter to over N600 which it currently sells.
The rise in the pump price of fuel had adversely affected transporting which had in turn affected the prices of commodities across the nation with Nigerians struggling to afford basic commodities. The prices of commodities hiked further after the President Bola Tinubu led government floated the country’s currency causing it to weaken further at the FX market.
This is not the first time that MultiChoice will be increasing the bouquet prices of DStv and GOtv, recall that the in May, the pay TV firm increased their subscription package by 17 percent after it earlier increased the bouquet prices earlier in the year.
