Netflix has announced a new price hike in Nigeria, the second in just three months. The most significant change affects the Premium Plan, which has risen by 40%, moving from ₦5,000 to ₦7,000 per month.
This package, known for its ultra-high-definition streaming and multi-screen options, is now even more expensive for Nigerian subscribers.
Check out the Updated Netflix Subscription Prices and Plans in Nigeria.
Similarly, the Standard Plan, which many Nigerians rely on for high-definition streaming on multiple devices, has increased by 37.5%, jumping from ₦4,000 to ₦5,500. The Basic Plan has also been impacted, rising from ₦2,900 to ₦3,500—a 21% increase.
One of the steepest changes is seen in the Mobile Plan, Netflix’s lowest-tier offering, which has surged by 83%. It now costs ₦2,200, up from ₦1,200. This sudden rise has left many wondering how this will affect accessibility, especially given the ongoing economic challenges in Nigeria.
Price Changes Overview:
Plan | Previous Price (₦) | New Price (₦) | Percentage Increase |
---|---|---|---|
Premium Plan | 5,000 | 7,000 | 40% |
Standard Plan | 4,000 | 5,500 | 37.5% |
Basic Plan | 2,900 | 3,500 | 21% |
Mobile Plan | 1,200 | 2,200 | 83% |
Why the Increase?
According to Netflix, the decision to raise prices is part of a broader strategy to boost revenue and support the expansion of its content library.
The company has been adjusting its subscription fees across various regions, including markets like the U.S. and the U.K., where similar price hikes have occurred.
However, with Nigeria’s inflation rate hitting consumers hard, many are finding it increasingly difficult to justify the rising cost of entertainment services.
This is the latest move by Netflix as it strives to maintain a competitive edge in the highly competitive streaming market.