“No More N378k”: Elon Musk Slashes Price of Starlink for Nigerians by 21%, Make Promises

“No More N378k”: Elon Musk Slashes Price of Starlink for Nigerians by 21%, Make Promises

  • Elon Musk has decided to reduce the price of his Starlink hardware devices for Nigerian customers
  • The new price is now 21% lower than the previous rate of N378,000 in a bid to attract more customers
  • Reports show that Starlink in Nigeria has just over 6,000 Nigerian customers as of June 2023

Internet company led by Elon Musk, Starlink, has slashed the cost of its hardware for Nigerians to N299,500.

This represents a 21% reduction compared to the previous rate of N378,000.

Elon Musk starlinks
Elon Musk Starlink gets cheaper Photo credit: Jenny Seltaon
Source: Getty Images

The new price is expected to pave the way for Starlinks to have more access to the Nigerian Internet Service Provider (ISP) market.

However, the monthly subscription fee of N38,000 has not changed.

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More promises

Starlink has also promised to provide a partial refund to Nigerian customers who recently purchased their hardware within the last 30 days.

The company said this discount offer will be available until November 15th, 2023, BusinessInsider reports.

Starlinks in Nigeria

Starlink arrived in Nigeria in January 2023, generating strong interest among Nigerians, especially tech enthusiasts looking for an alternative.

Legit.ng earlier reported that the first Starlink customers in Nigeria paid in dollars- $600 for the hardware and $43 for the subscription.

Following its official announcement, it transitioned to pricing in Naira, but prices were pegged at the current exchange rate.

As Naira continued to depreciate, the prices of both hardware and subscriptions increased to N378,000 and N38,000, respectively.

In June, the Guardian reported that Prof. Umar Danbatta, Executive Vice Chairman of NCC, revealed plans to talk with Starlink to reduce prices.

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The latest change will significantly relieve Nigerians looking to buy the Starlink device.

According to the Nigerian Communications Commission (NCC), as of June 2023, Starlink has a customer base of 6,756.

This customer base is higher than some local ISPs in Nigeria despite having been in operation for several years.

"It's so fast": Nigerian man buys Elon Musk's Starlink, shares experience, cost

In an earlier report by Legit.ng, a Nigerian man shared his experience using Starlink.

The new network will battle it out for data subscribers with MTN, GLO, and other telecommunication companies.

The Starlink network is said to provide faster internet speed and will also have a wider reach.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.