The House of Representatives on Tuesday directed Multichoice, the operators of DStv and GOtv, to suspend its planned subscription rate increase.
Iyawe said, “Multichoice recently announced a hike in subscription rates across all its packages, citing rising operational costs.
“However, this marks the second increase in less than a year, with the last adjustment made in May 2024.”
He noted that the previous hike triggered widespread public outrage, with many Nigerians, already grappling with economic challenges, abandoning their decoders due to a lack of competition in the pay-TV sector.
“Multichoice’s dominance in the market means any price increase has a widespread impact, putting consumers under undue financial pressure,” he added.
Following the adoption of the motion, the House resolved that Multichoice should suspend the proposed hike pending a thorough investigation.The lawmakers cited the prevailing economic hardship in the country.
The Pay-TV provider had recently announced a price adjustment effective from March 1.
