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Veteran Nigerian rapper, Jude Abaga, better known as M.I Abaga, has raised concerns over the sources of funding sustaining the country’s music industry.
Speaking on the So Nigerian podcast, the hip-hop star said that a large share of financial backing for Nigerian artists comes from foreign sources and individuals involved in internet fraud.
Naija News reports that he described the situation as a poor reflection of the nation.
The One Naira crooner stressed that such a thriving creative sector should not depend heavily on illicit or external funding.
M.I called on wealthy Nigerians to invest more in homegrown musical talents.
He pointed out that many young artists currently rely on financial help from other young people rather than from established industry investors or local benefactors.
He said: “There’s a lot of controversies when people talk about Yahoo Yahoo, because a lot of artists that is the funding that they have. What I’m trying to say now is that, it’s an indictment on our country that we have such talented musicians and that the major funding for the industry comes from the West and the fraud industry. It’s an indictment. It shows that something is wrong. Hopefully, we can do better.”
The post How Yahoo Boys Are Funding Some Nigerian Singers – MI Abaga appeared first on Naija News.
