Nigeria’s pioneer pay TV company squares up to the federal government over pricing.
South African Pay TV company, Multichoice (which runs DSTV), is not only increasing subscription rates across bouquets this summer, the company also intends to reduce its workforce in order to stay in business in Nigeria.
All of which has left the federal government of Nigeria fuming and exasperated.
“They said they are committed to keeping their business in Nigeria but are affected by currency devaluation and inflation rate.
“They said their fears are that they may lay off Nigerians in their employment if they have to remain in business,” Armstrong Idachaba, who is the Director-General of the National Broadcasting Commission (NBC), told the
Independent newspaper.
“They gave examples of other companies that are folding up because of economic challenges.
“At the end of the day, we told them that no matter the excuse they have, we are not going to tolerate any loss of jobs. We frown heavily at any attempt to lay off Nigerians because of these excuses.
“Secondly, we are not tolerating any unnecessary price hike. We asked them how they intend to do the increase and they said they want to start with the premium and then move gradually to the other packages,” Idachaba added.
New DSTV prices
Oil rich Nigeria has devalued its currency twice in recent times, and the Naira has grown increasingly weak, no thanks to a slump in the price of crude oil in the global market and the coronavirus pandemic.
The federal government has also increased Value Added Tax (VAT) from 5% to 7.5%; and inflation now stands at 12.82%, according to latest data from the National Bureau of Statistics (NBS).
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https://naijabizz.com.ng/the-federal-government-is-fighting-dstv-at-the-moment-and-heres-why/

Why can't Nigerians be encouraged to start satellite TV and Government secretly sponsored them to be as big as DSTV then use it to crash the price. This DSTV guy's don't want to leave they just want to make greedy money.