Veteran rapper Jude Abaga, popularly known as M.I Abaga, has alleged that internet fraudsters contribute significantly to the funding of the Nigerian music industry.
Speaking on a recent episode of the So Nigerian podcast, M.I Abaga described it as an indictment on the nation that much of the industry’s financing comes from both the West and from individuals involved in fraud.
“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.
He urged wealthy Nigerians to invest more in the creative sector, stressing that, at present, it is mostly young people supporting other young people financially in the Nigerian music scene.
