The consumer protection commission has summoned MultiChoice to explain the upcoming subscription price hike set for March 2025.
Reasons for Summoning MultiChoice
The Federal Competition and Consumer Protection Commission (FCCPC) has called on MultiChoice following its latest plan to increase subscription prices. The organization's leadership was instructed to explain the increase, set to come into effect on March 1, 2025.
Circumstances of the Price Increase
Reports indicate that MultiChoice plans to raise prices on DStv and GOtv packages due to economic challenges such as naira depreciation, high energy costs, and inflation, which stood at 24.48% as of January 2025.
Impact on Consumers
Nigerian consumers are concerned about frequent price increases. Key packages, such as Compact, Family, and Access, which are popular among most MultiChoice users, will also experience price hikes. This comes in the context of rising costs across different sectors, including telecommunications and consumer goods.
The regulator expressed concern about frequent cost increases for consumers and emphasized the need for an explanation from MultiChoice.
