The Federal Government on Monday said it would not permit any move by South African company, MultiChoice, to lay off Nigerian workers under no reasonable circumstances.
FG made this known after a meeting was held between the management of the National Broadcasting Commission (NBC) and the management of MultiChoice on Monday.
During the meeting the National Broadcasting Commission (NBC) questioned MultiChoice over the hike in price on some DStv and GOtv packages which was slated to start from today despite a similar increase three months ago.
According to MultiChoice, in a message to subscribers, DSTV Premium would move from N16, 200 to N18,400; Compact Plus from N10,925 to N12,400; Compact from 6,975 to 7,900, and for users of GOtv Max, they would have to pay the sum of N3,600 from 3,280.
The latest increase comes amid a subsisting order of the House of Representatives seeking a stay of action on the earlier hike which the company blamed on the Federal Government’s 2.5 percent increase in Value Added Tax (VAT) from five to 7.5 percent.
John Ugbe, the Chief Executive Officer of the company, said the decision to increase the prices was made after a careful consideration of the market and a review of its business operations.
He noted that the company reviewed its prices while considering financial impacts, including inflation, increased content and operational costs, so they could continue to survive as a business and bring quality entertainment to customers.
“To arrive at the decision to adjust prices, we took into account many factors, including the impact on the customer, current inflation, which stands at 12.82 percent, the highest in 27 months, content costs and efficiencies within the company.