Broadcasting
FG Outlines Measures to Strengthen NBC, Punish Hate Broadcasts
Alhaji Lai Mohammed, minister of Information and Culture, has announced plans to take the necessary measures for the amendment of the Act establishing the National Broadcasting Commission (NBC) to align the regulator with the current realities in the broadcasting industry.
The minister made the announcement in Abuja on Tuesday when the received the report of the NBC Reforms Implementation Committee from Prof. Armstrong Idachaba, the chairman.
“Some 27 years into the life of the NBC, there is the need to re-evaluate the applicability of some of its laws. Following the implementation framework presented to me, I will immediately commence the process of forwarding an Executive Bill for consideration of the Federal Executive Council and further legislative action.
“The Bill will address the existing lacuna in the areas of the regulation of the Internet, the ongoing Digital Switch Over, Digital Access Fee, and insulation of the regulator from partisan politics,” he said.
Alhaji Mohammed said in the meantime, the NBC has been directed to immediately come up with regulations for the broadcast of content on the Internet and the Web, noting, however, that the regulations must not in any way gag the press or hinder their universal role of providing valuable information to the citizenry.
He also said that in line with a presidential approval, the Commission has been mandated to amend the Broadcasting Code to reflect the upward review of fines from N500,000 to N5,000,000 for breaches relating to hate speeches, inciting comments and indecency while willful repeat of infractions on three occasions, after levying fine on a station, will attract suspension of license.
The minister also said the NBC should immediately upgrade the breach of political comments relating to hate speeches and divisive comments to ”Class A” offence in the Broadcasting Code.
He said that in order for the NBC to effectively perform its regulatory role in the age of technology and the Internet, the government will immediately commence the process for the acquisition of modern broadcast equipment for the Commission for the purpose of monitoring and enforcement.
Alhaji Mohammed said the NBC is also to immediately come out with fresh regulations that will promote the local broadcast industry and protect the Nigerian broadcast industry from monopolistic tendencies.
“These regulations are also in the area of advertising tariffs and production of advertisements in Nigeria. The regulations will also ensure that all anti-competitive behaviors are deterred and sanctioned where they occur,” he said.
The Minister said the President also placed a high premium on the welfare of staff of the NBC, hence the directive for the Commission to commence work on an enhanced welfare package for the staff, with a view to implementing such as soon as possible.
The NBC Reforms Implementation Committee was inaugurated by the Minister on 10 October 2019 and given six weeks to submit its report.
Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn its criminal case against MultiChoice Nigeria Limited and its top executives after both parties reportedly reached an amicable settlement.
Recall that the FCCPC and MultiChoice have been at odds for months since the pay-TV operator hiked the pricing of its DStv and GOtv services in March.
The FCCPC then summoned the company to explain the rationale for the increases and submit supporting papers, after which it said MultiChoice failed to comply.
Viewing this as a violation of the FCCPC Act’s regulatory directives, the Commission filed a seven-count criminal lawsuit accusing MultiChoice and several of its top officials of hindering investigations and failing to comply with summons.
Nonetheless, the parties informed Justice James Omotosho of the Federal High Court in Abuja on Tuesday that they had reached an amicable agreement, bringing the legal dispute to a conclusion.
Daniel Amadi, lawyer to the FCCPC, informed the court that a notice of withdrawal had been filed on August 16, following the resolution of all outstanding issues.
With no objections from the defence, Justice Omotosho dismissed the case, effectively ending the proceedings.
The commission underlined that compliance and transparency are still critical for sustaining trust between firms and regulators in Nigeria’s consumer market.
More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government through the Ministry of Finance Incorporated (MOFI).
The milestone, announced on Tuesday, marks a significant shift in Nigeria’s housing sector, which has long faced challenges including high interest rates, limited financing options, slow mortgage processing, and a housing deficit exceeding 28 million units.
Central to this transformation is the MOFI Real Estate Investment Fund (MREIF), a Securities and Exchange Commission (SEC)-registered ₦1 trillion fund designed to provide long-term, affordable mortgages to ordinary Nigerians.
The fund offers interest rates as low as 9.75 percent per annum and repayment periods of up to 20 years, making homeownership more accessible than ever.
At full utilization, MREIF aims to enable at least 12,000 Nigerians to own homes, with additional refinancing support planned through the Nigerian Mortgage Refinancing Company.
For decades, many Nigerians have been trapped in a cycle of rent payments, often described as “funding their landlord’s retirement.” Now, with MREIF, homebuyers can secure loans and move into their own homes within weeks.
Since its launch, MREIF has disbursed funds to over 700 homebuyers through 11 Eligible Financial Institutions across five regions of the country.
These institutions, licensed by the Central Bank of Nigeria and preapproved by MREIF, include Abbey Mortgage Bank, Access Bank, AG Mortgage Bank, FCMB, FHA Mortgage Bank, Gateway Mortgage Bank, Globus Bank, Homebase Mortgage Bank, Imperial Homes Mortgage Bank, Infinity Trust Mortgage Bank, Living Trust Mortgage Bank, Nigeria Police Mortgage Bank, Providus Bank, Stanbic IBTC, and Union Bank. Each mortgage represents a family moving from rent into ownership, building equity, stability, and generational wealth.
The Federal Government committed ₦150 billion under Series 1 funding, fully subscribed in December 2024, while private sector investors added another ₦100 billion under Series 2. Additional tranches could scale the fund to ₦1 trillion, ensuring long-term sustainability.
The fund is professionally managed by ARM Investment Managers, with a structure anchored in public–private collaboration to ensure affordability, transparency, and efficiency.
Wale Odutola, CEO of ARM HoldCo, said MREIF embodies the kind of partnership Nigeria has long needed—government resolve combined with private sector rigour.
He added that together with MOFI, they are laying the structural foundation for a housing sector that rewards citizens, unlocks investor confidence, and drives inclusive growth.
Beyond individual mortgages, MREIF also offers offtake guarantees to developers, encouraging new construction projects, creating jobs, and strengthening the housing supply chain. Nigerians in the diaspora now have a transparent, government-backed platform to invest in secure homeownership.
Despite challenges such as inflation, forex volatility, and high construction costs, MREIF’s long-term financing model is designed to withstand economic shocks. As more financial institutions, pension funds, and developers join the initiative, thousands more Nigerians—both at home and abroad—are expected to benefit.
The message is clear: the era of affordable homeownership has arrived in Nigeria. With Federal Government backing and private sector management, MREIF is not just a housing scheme—it is a national economic reform poised to reshape lives and communities across the country.
By Terry Kunle
Nigeria’s first-ever podcast festival is almost here, and it promises to be a cultural moment you won’t want to miss. From powerful voices to vibrant experiences, 40 storytellers, six stages, one innovation session, two live podcasts, one masterclass, the unveiling of the next big podcaster, cultural showcases, and brand activations.
Here are five reasons this first-of-its-kind festival deserves a spot on your calendar:
1. 40+ Storytellers Taking the Stage
Get ready for an incredible lineup of Nigeria’s most influential voices. From Chude Jideonwo and Seun Okinbaloye to Tunde Onakoya, Adaora Mbelu, Morayo Afolabi-Brown, Rufai Oseni, and many more, the festival brings together podcasters, creators, and cultural icons who are shaping conversations across the nation. Expect powerful storytelling, fresh perspectives, and voices that inspire.
2. Live Podcast Shows You Can Experience in Person
PodFest Naija brings your favorite shows to life. Watch live podcast recordings happen in real-time, engage with hosts and guests, and be part of the audience that shapes these conversations. It’s podcasting like you’ve never experienced before.
3. Brand Activations and Interactive Experiences
Major brands including Coca-Cola, Sterling Bank, UAC Foods, Bet9ja, Crown Flour Mills, and others are creating immersive activations throughout the venue. Explore interactive booths, participate in brand experiences, and discover how storytelling intersects with innovation and business.
4. Gifts, Freebies, and Exclusive Surprises
Who doesn’t love free stuff? PodFest Naija is packed with giveaways, freebies, and surprise gifts for attendees throughout the day. From branded merchandise to special goodies from sponsors, there’s something for everyone who shows up ready to celebrate stories.
5. A Thriving Community of Creators and Podcast Lovers
PodFest Naija isn’t just an event—it’s a movement. Connect with 1,500+ storytellers, creators, brands, and podcast enthusiasts who share your passion. Network, collaborate, and be part of a community that’s shaping the future of podcasting and storytelling in Nigeria.
Important: Free Entry, But First Come, First Served!
PodFest Naija 2025 is completely FREE to attend, but space is limited. With expected attendance of 1,500 people, you’ll need to arrive early to secure your spot at Harbour Point. If the venue reaches capacity, don’t worry—you can still join the action virtually and experience the festival from wherever you are.
PodFest Naija 2025 takes place on Friday, October 10, at Harbour Point, Victoria Island, Lagos. Don’t just hear about it, be part of the story.
Terry Kunle is the media manager, AT3 Resources
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