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Monday, 11 September 2017

''Musicians Are More Likely To Get Money From Yahoo Boys, Than Banks'', M.I Abaga Rapper Says.






In This word of m.i abaga : "there's no bank in the historical backdrop of Nigeria that has given one Naira to any mark. There's one corporate substance that has given any mark. It's young folks.'

In his appearance on Pulse's LooseTalk Podcast, Nigerian rapper, M.I Abaga talked about issues influencing the Nigerian music industry the heading of his music.

The meeting which keeps running for more than two hours, addressed numerous parts of the music business. Sooner or later amid the discussion, financing in the Nigerian music business and shockingly, the rapper had great words to say in regards to web fraudsters, who he guarantees have been filling the hole by financing artistes, without corporate patrons and brands.

In his words: "there's no bank in the historical backdrop of Nigeria that has given one Naira to any mark. There's one corporate substance that has given any mark. It's young folks.'

"Truth be told, will probably get cash from a Yahoo kid. Yell out to Yahoo young men. May God succeed your business." He additionally said.






M.I is resounding a general industry sentiment that says that financing is hard. Also, yes it is hard to secure corporate financing for making music. In any case, he doesn't hit the nail on the head when he says no bank has ever put resources into a record mark.

As indicated by sources who talked with Pulse, in 2008, music industry business person, Tony Nwakalor secured an advance from Skye Bank, with which he made the ancient record mark, Yes Records. As per sources who pled obscurity, the advance was dependent upon N500 million.

"The organization was very much subsidized, and they kept running for some time and had two or three radio records. They helped propelled Sexy Steel's profession as well," a source said.

With that subsidizing, Tony Nwakalor made Yes Records, and marked a rundown of craftsmen including I.D Cabasa, Jahbless, Sexy Steel and G-Xploits.

Heartbeat has connected with Tony Nwakalor and Skye Bank for points of interest.





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