Beginning on May 1, 2023, MultiChoice Nigeria will apply yet another price increase across all of its DStv bundles. This comes one year after it announced and carried out a comparable price increase review in April 2022.
The price increases for the various DStv packages range from 16.3% to 18.6%, and the company claims that the most recent price increases are due to the company’s ongoing economic difficulties.
Starting from May 1, DStv says that its subscribers on the Premium package will be paying N24,500, an increase of 16.7% from the N21,000 they are currently paying while the price of the Compact+ bouquet is also increased to N16,600 from N14,250 monthly, which is a 16.5% increment.
According to DStv, subscribers to the Compact bouquet will now pay N10,500 instead of N9,000, representing an increase of 16.7%; similarly, customers to the Confam package will now pay N6,200 instead of N5,300, representing an increase of 17%.
Viewers of the DStv Yanga and Padi bouquets would now pay N3,500 and N2,500, respectively, as opposed to N2,950 and N2,150 under the previous pricing structure. These correspond to increments of 18.6% and 16.3%, respectively.
In an internal memo, MultiChoice explained why the increase was necessary:
“To continue satisfying our consumers with amazing entertainment, anytime and wherever, we have to reassess the price of our packages due to the different economic problems impacting our company operations.
“MultiChoice has kept the increase as low as feasible while still assuring sustainability and the delivery of high-quality services because it is aware of the challenging economic environment.
“Our goal at MultiChoice Nigeria is to provide our consumers with value by making excellent entertainment available. Our top objective is to put the requirements of our customers at the center of all we do,” the statement continued.
However, the Pay TV provider is offering a price lock to customers who renew their subscriptions ahead of time. This offer, which is designed to lessen the impact of the price review, enables customers to pay the old rates for 12 months if they pay on a monthly basis.
Similar to that, it gives customers who pay for an entire year at once the chance to pay the old rates before the new prices take effect.
In the meantime, it was reported that the increase is not exclusive to Nigeria as Multichoice revised their tariffs upward in South Africa, where implementation began on April 1st, this year.
