Nigerian rapper, M.I. abaga sat down with Pulse Nigeria, and he spoke about diverse issues affecting the Nigerian music industry, and he talked about the direction of his music.
The hours-long interview got to the part where M.I talked about the aspect of financing in the Nigerian music business and surprisingly, the rapper had good words to say about internet fraudsters, who he claims have been filling the gap by financing artistes, in the absence of corporate sponsors and brands.
In his words:
‘there’s no bank in the history of Nigeria that has given one Naira to any label. There’s one corporate entity that has given any label. It’s young guys.’
M.I further stressed:
‘In fact, you’re more likely to get money from a Yahoo boy. Shout-out to Yahoo boys. May God prosper your business.’