Starlink, the satellite internet service provider owned by SpaceX, has announced a dramatic 97% increase in its subscription fees for customers in Nigeria.
Citing excessive inflation as the primary reason for this change, the company will implement the new pricing structure on October 31, 2024, for existing customers, while new subscribers will face the updated rates immediately.
The standard monthly subscription has risen from ₦38,000 ($22.8) to ₦75,000 ($50). For those opting for the mobile regional plan, which allows use of Starlink kits beyond the home or office within Nigeria, the cost has skyrocketed from ₦49,000 ($29.4) to ₦167,000 ($100). Additionally, the mobile global roaming service now commands a hefty fee of ₦717,000 ($429.5) per month.
Moreover, new Starlink kits have seen a price increase of 34%, climbing from ₦440,000 ($263.6) to ₦590,000 ($353.4). These changes reflect the ongoing economic challenges facing consumers in Nigeria as inflation continues to impact service pricing.
