Budding singer and songwriter, Oludipe Oluwasanmi David, professionally addressed as Spyro, has revealed that he obtained a bank loan to finance his song with Davido and Mayorkun.
The rising artiste featured Omo Baba Olowo and Mayorkun on a single titled ‘Funke’ in 2018, but the commercial success of the song was short-lived.
Speaking in a recent interview with Cool FM, Spyro said he struggled for three years to repay the loan.
The ‘Who’s Your Guy’ crooner said he hit the limelight as a result of the collaboration but fell off after the song lost the initial momentum.
Spyro said; “When I dropped ‘Funke’ and the song popped. I had David [Davido], I had Mayorkun on the song. And after dropping ‘Funke’ and my career still went down, I’m like, ‘Oh! Am I ever gonna rise again?’
“I popped but I just came down because there was no structure. There was nothing. I took a loan from the bank to finance that particular record while I was still signed to Upfront & Personal. When that period passed, I now had to start paying for the loan. That was really difficult because I paid for like three years.”
Similarly, Godwin Tom, Managing Director, Sony Music Publishing Nigeria revealed that Afrobeats star, Wizkid once took a loan to invest his career.
He made this known during a radio interview while talking about how artistes fund their music careers with their own money even when they are under record labels.
The music executive said popular R&B singer, Wande also took a loan for the same purpose of career promotion.
According to Godwin, Wizkid was not financially buoyant at the time, but he believed in himself and what he would become in future which is why he took the loan.