Nigerian rapper and singer, Olamide Adedeji aka Olamide has opened up on why he opened a record label and started signing singers.
According to the YBNL boss, the reason is so he can spend his money which is “becoming too much” on young artistes’ careers.
He disclosed this in an interview with Apple Music’s Ebro Darden.
He said, “I just started stacking up money and the money was becoming too much for me. I’m like, yo, I don’t have anything to do with all this money, mehn, I need to sign new guys. Let me spend money on people, you know.
“It is just like my own little way of giving back to the community.”
Olamide’s YBNL Nation is home to two of the hottest new generational afrobeats artists in the country; Fireboy DML and Asake.
Adekunle Gold, Lil Kesh, Chinko Ekun, Young Jonn, and Pheelz were formerly signed to the record label.