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.”
Health
WaterAid urges Nigeria to implement menstrual health policy
WaterAid Nigeria has urged the federal government to promptly implement the country’s first National Policy on Menstrual Health and Hygiene Management, which was recently approved.
Economy
NUPRC, SDN deploy methane tracker to drive 60% emission
NUPRC boosted its drive to achieve Nigeria’s 60 per cent methane emissions reduction target by 2035 through the Nigerian Oil and Gas Industry Emission Tracker
Education
FG to boost industrialisation with N9 billion, says AcIRSTD
AcIRSTD’s governing council chair says the federal government has budgeted N9 billion to boost industrialisation efforts in nine states.
States
Labour Party mourns Okonjo-Iweala’s mother
The Labour Party chairman, Nenadi Usman, described the death of Kamene Okonjo, the mother of Ngozi Okonjo-Iweala, who died at age 96, as a great loss to the nation.
Education
NABTEB releases certificates up to 2024, announces collection procedures
The National Business and Technical Examinations Board (NABTEB) has announced the release of certificates for candidates who sat for its examinations up to 2024.
Economy
Enugu govt, firm partner to create 100,000 jobs
The Enugu government and Humatrix have signed a partnership agreement to establish a business process outsourcing hub.
