The new fine is stipulated in the Reviewed Broadcasting Code.
The federal government has raised the fine for hate speech from N500,000 to N5 million., disclosed this Tuesday while unveiling the Reviewed Broadcasting Code.
The code also contains the Antitrust provision aimed at boosting local content and local industry due to laws prohibiting exclusive use of rights by broadcasters who, according to the minister, intend to create monopolies and hold the entire market to themselves. He said the revised code also contains the law prohibiting backlog of advertising debts in order to promote sustainability for the station owners and producers of content, as well as the law on the registration of Web Broadcasting, which will grant the country the opportunity to regulate negative foreign broadcasts that can harm the nation.Broadcasting. Exclusivity was disallowed at a certain time in the history of our broadcasting.
Mr Mohammed clarified that the amendments were necessitated by a presidential directive, in the wake of the 2019 general elections, for an inquiry into the regulatory role of the NBC with a view to repositioning the regulator for optimum performance.
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