The Minister of Information and Culture Minister, Lai Mohammed on Tuesday stated that any broadcasting station that broadcasts news considered to convey hate speech will pay N500,000,000 fine.
The minister who spoke in Lagos at the unveiling of the amended Sixth Edition of the Nigerian Broadcasting Commission Code, said in addition to the fine any erring station would lose its operating licence, after three warnings, while those that rebroadcast foreign news materials that are considered detrimental to national security and interest would be severely penalized.
“It will encourage open access to premium content. I must explain that this provision is not new to Nigerian broadcasting. Exclusivity was disallowed at a certain time in the history of our broadcasting. Sub-licensing and rights sharing create opportunities for local operators to also gain traction and raise revenue for their services,” he said.
“As I said, there are opportunities for constant review of the code. But please, note that this latest amendment is signed, sealed and delivered. We are committed to making it work for the good of the country,” he added.
Other provisions of the new code include amendments in the coverage of emergencies, local content, political broadcasting, advertising and anti-competitive behavior.
The amended code prohibits backlog of advertising debts to broadcasting stations in order to promote sustainability for station owners and producers of content.