Nigeria, Aug. 5 -- The federal government has raised the fine for hate speech from N500,000 to N5 million.

The Minister of Information and Culture, Lai Mohammed, disclosed this Tuesday while unveiling the Reviewed Broadcasting Code.

He had earlier last year announced the approval of President Muhammadu Buhari for the increase of the fine. The increase has now been stipulated in 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.

According to a statement signed by special assistant to the Preside...