Nigeria: Lawmakers Unhappy With StarTimes Pricing Hikes
Members of the Nigerian House of Representatives have indicated their dismay that the PayTV company - StarTimes - has increased its subscription tariff, and has, according to reports, ordered it to review its prices immediately.
StarTimes Nigeria is said to have increased its service subscription fees by a whopping 30 per cent. The company's chief operating officer, Mr Tunde Aina said that their increased new tariffs are "to enable the company to offset some extra costs incurred in the cause of its operations due to high exchange rate and also account for the increase in the government's value-added tax (VAT) rates.
In the same vein, StarTimes reminded its stakeholders that his company is presently operating a pay-as-you-watch tariff regime as already recommended.
The Nigerian Lawmakers are however of the mind that since VAT has only gone up to 7.5 per cent in Nigeria, there should be no excessive increase in PayTV subscription pricing and that StarTimes is obliged to do a review with the aim of re-adjusting its tariff regime considerably.
Credit: contribution from nigeriacommunicationsweek.com.ng