How Nigerian music earned 58 Billion naira for the first time on Spotify in 2024

Spotify in an exclusive report confirmed that for the first time in the history of Nigerian music, artist royalties exceeded 58 billion naira in 2024, the revealed figure was confirmed to be double the total earnings in 2023 and four times more than the earnings from 2022 indicating the much-needed growth in the industry.

It was also revealed that the number of artists who generated 10 million naira in royalties from Spotify also doubled from the number of artists who achieved this feat in 2023.

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