Business
Netflix Raises Subscription Fees Again for Nigerian Users
Just three months after a previous price increase, Netflix has raised its subscription fees once again for users in Nigeria. This latest adjustment impacts all subscription tiers, reflecting a notable increase across the board.
Netflix has justified the hike by emphasizing the need to boost revenue and earnings, which will help support the growth and expansion of its content offerings. As a result, Nigerian subscribers will now face higher costs for accessing Netflix’s various plans.
The Premium Plan has seen the most significant rise, with its monthly fee climbing to 7,000 naira marking a 40 percent increase from the earlier rate of 5,000 naira.
The Standard Plan, which is favoured by many Nigerians for its HD quality and multi-screen viewing options, has risen by 37.5 percent, from 4,000 naira to 5,500 naira.
The Basic Plan has also increased, now costing 3,500 naira instead of the previous 2,900 naira, which represents a 21 percent rise. Meanwhile, the Mobile Plan, the least expensive option, has experienced a substantial 83 percent increase, jumping from 1,200 naira to 2,200 nanairas
This new round of price adjustments follows a similar increase in April 2024, highlighting Netflix’s ongoing strategy to enhance its revenue while expanding its content offerings for Nigerian viewers.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
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