FCCPC to review increase in price of DStv, GOtv packages

The Federal Competition and Consumer Protection Commission (FCCPC) has said the recent price increases in MultiChoice cable subscriptions will be looked into by relevant stakeholders.

Acting CEO of FCCPC, Adamu Abdullahi, disclosed to Channels Television on its Dateline Abuja programme on Thursday.

According to Abdullahi, the review of the recent price hike is to ensure subscribers in Nigeria get value for their money.

On Wednesday, 24 April 2024, Multichoice increased the prices of its offerings in Nigeria four months after its last increment, reviewing prices in its packages across the board.

The new prices will take effect from May 1, 2024.

According to MultiChoice, the increase was due to the rise in the cost of business operations.

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With the latest hike in price, the DStv Premium package moved from N29,500 to N37,000.

The DStv Compact+ went from N19,800 to N25,000 and the Compact package increased from N12,500 to N15,700.

In March 2022, MultiChoice increased the prices of its DStv and GOtv packages.

There was an upward review of prices on its DStv and GOtv packages by 17 pee cent in April 2023.

Also, the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.