Starlink, the satellite internet service business of Spacex, owned by US businessman, Elon Musk, has hiked rates in Nigeria, citing the nation’s “severe inflations.”
As of year-end 2023, Starlink Nigeria accounted for 23897 active internet subscribers while by Q1, 2024 the local internet market, counting the bigger mobile network operator and smaller internet service providers (ISPs), peaked at 219,304,281 active subscribers, according to official data by the Nigerian Communications Commission (NCC).
As of year-end 2023, Starlink Nigeria accounted for 23897 active internet subscribers while by Q1, 2024 the local internet market, counting the bigger mobile network operator and smaller internet service providers (ISPs), peaked at 219,304,281 active subscribers, according to official data by the Nigerian Communications Commission (NCC).
According to a post seen by Technology Times, the reason for this hike is due to “excessive levels of inflation.” The new pricing, effective immediately for new customers, will see the Standard Residential plan rise to ₦75,000 per month, while existing customers will experience the hike starting from October 31, 2024. The hardware cost for the service has also been adjusted to ₦590,000.
Starlink’s Residential plan, best suited for households, offers unlimited data at a fixed location. Meanwhile, the company’s roam plan which is best suited for those working on the go is priced at ₦167,000 per month.
Back in April, Starlink cut hardware prices to drive the uptake of its satellite internet service in Nigeria. The hardware kit saw a 45% price reduction, dropping from ₦800,000 to ₦440,000, with the basic monthly subscription costing ₦38,000 at the time. The hardware cost cut at the time, Starlink said, was aimed at making satellite internet more accessible to Nigerian households.
For business users and high-demand consumers with a hardware cost of ₦3,079,257, Starlink’s Priority bouquet provides a range of packages based on bandwidth requirements, including 40 GB for ₦50,000 per month, 1 TB for ₦80,000, and 2 TB for ₦159,000. Priority data offers network preference and priority support.
Starlink says that its satellite internet service now serves over four million users including people, businesses, and organisations in more than 100 countries, territories, and other markets around the world, spanning all seven continents and oceans.
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