Veteran rapper, Jude Abaga aka M.I has made a shocking revelation about music funding.
He revealed that internet fraudsters fund a major part of the Nigerian music industry.
Speaking further, he noted that it is an indictment on Nigeria as a nation that most of the funding of the country’s music industry comes from the West and from fraudsters.
He insisted that Nigeria needs to do better in terms of funding for the creative industry.
M.I featured as a guest in a recent episode of the ‘So Nigerian’ podcast.
“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 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,” he said.
The rapper urged wealthy Nigerians to step up in funding the country’s musical talents, stressing that young people are the only supporting other young people financially in the Nigerian music industry at the moment.
