Nigerian Brands That Shot Their Adverts Abroad Will Pay N100k Each Time It Is Aired Locally – Lai Mohammed

The Minister made this announcement on Monday, March 29 on Good Morning Nigeria.

The Minister of Information and Culture, Lai Mohammed has revealed that any Nigerian brand that shoots its adverts outside the country will pay a sum of N100k each time it is aired locally.

He announced this on Monday, March 29 on Good Morning Nigeria.

He further revealed that the new rule is embedded in the amended broadcasting code which was put in place to grow the industry.

He Said;

“Let’s assume you have brought in La Liga, and during the matches, Guinness is advertised, we will compel you, we will compel Guinness to also advertise when we are playing a local league.

“That is the only way we can grow this industry but as can be expected, we have had very few supporters.

“If you do an advert in South Africa, you put it on CNN and we look at that advert and we see that the advert was not made in Nigeria but actually made in South Africa, or you see that five times a day, it is on CNN, you pay half a million to us. The half a million will go to the Content Development Fund.

“What is common today is to see products made in Nigeria but the advert for those products are actually probably done in South Africa or in the US.

“So, we amended the code to say that if a product you want to advertise in Nigeria territory is made in Nigeria, grown in Nigeria or processed in Nigeria, then you must make sure that the advert is also produced in Nigeria.

READ  Up to 100 migrants, including babies, feared dead after boat sinks off the coast of Libya

“Gulder is made, processed in Nigeria. If you go to South Africa to produce an advert which you are going to air to Nigerians because Nigerians consume Gulder, what we have amended the code to say is that for every time that advert is aired in Nigeria either on radio or television, you pay a fine of N100,000.

“We are not stopping you from making your production in America or South Africa but if you are going to advertise in Nigerian territory, you will pay a fine of N100,000.

“In other words, if Gulder makes an advert in South Africa and it is shown on NTA, if it shows it 10 times a day, it will pay N100,000 fine 10 times.”

He added that Multichoice would no longer have the monopoly of broadcasting the English Premier League (EPL) and that the NBC has been directed to implement a new rule which mandates exclusive licensees and broadcasters to share exclusive rights with other broadcasters.

”The NBC has issued about 30 pay-TV licences but only one is managing to survive. Why? Because of these anti-competitive and manipulative tendencies of these foreign companies.”

“We went further to say that if a company should invest $1m in bringing EPL to Nigeria, that company must also be ready to spend 30 percent of that $1m in producing a local content along the same line.

“In other words, if Maltina or Guinness decides to bring in EPL, which is English football, we have no problem with that. But they must also invest in covering our local league to the tune of 30 percent of what they paid.”

(Visited 26 times, 1 visits today)

More from my site

READ  BREAKING: Electricity Tariff Increased Again By Over 50%
Share this Post[?]
        
Translate »