Tinubu’s Inflation: Apple announces new prices for app purchases, subscriptions in Nigeria
Apple Incorporated has announced a new set of prices for in-app purchases and subscriptions for its Nigerian customer base to reflect the raging inflation assailing the West African nation’s economy.
Apple Incorporated has announced a new set of prices for in-app purchases and subscriptions for its Nigerian customer base commensurate with the raging inflation assailing the West African nation’s economy.
Apple Inc. has revised pricing for in-app purchases and subscriptions for Nigerian customers to reflect the severe inflation plaguing the nation’s economy.
The company announced the new prices in an email to developers Thursday night, stating that they will be effective June 21.
According to Apple, Nigeria’s changing tax and monetary policies informed the new pricing decisions, which would significantly affect in-app purchases and other subscriptions.
It is unclear if this development will also impact the prices of devices like iPhones, iPads, and AirPods.
The company added that the “prices on other storefronts will be updated to maintain equalisation with your chosen base price.”
The Ivory Coast, Egypt, Nepal, Suriname, and Zambia are other countries whose residents are also expected to see price changes in the latest review.
The company has faced criticism over its costly partnership with app developers, which critics said had become increasingly draconian as it leaves many users unable to afford premium applications across its platforms.
Nigeria recently raised taxes on citizens and businesses, which followed the removal of subsidies on petroleum products that economists blame for raging inflation.
Prices of smartphones and other smart devices have doubled in the last year amid forex volatility, naira devaluation, and the country’s overreliance on imported products.
President Bola Tinubu had floated the naira last year in the hopes of upping its value, still the currency has continued to plunge forcing multinationals companies like Microsoft, which couldn’t cope with high cost of operations, to exit the nation.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
KASU applauds Uba Sani on implementation of 2025 FG-ASUU agreement
The union noted that the implementation of the agreement and the commitment to the welfare of academic staff will enhance morale.
NationWide
Tinubu nominates six executive directors for NMDPRA, seeks Senate confirmation
Presidential aide Bayo Onanuga said three nominees were reappointed and three were new.
States
Delta police arrest 30 suspects over rape, defilement of minors
The command’s spokesperson, Bright Edafe, said on Friday that only four of the suspects were arrested for rape.
Opinion
Azu Ishiekwene: There is no other Stella for Ebola
But the truest memorial to Adadevoh is not a plaque. It is a health system in which no doctor has to choose between personal safety and public duty.
Health
Lagos govt urges administrators to harness untapped resources to enhance PHC services
Ms Ogunyemi stressed the importance of recognising healthcare workers, describing them as essential to delivering quality patient care.
Rights
How Nigerian James Gbadamosi was killed in UK by violent druggie for scolding child
The court heard that Mr Wright-Walters attacked Mr Gbadamosi, 67, after he told a child to be careful while riding an electric bike fast on the pavement around pedestrians.
