MI Abaga has revealed where most music labels get part of their funding from ~ Sportty

MI Abaga has revealed where most music labels get part of their funding from

MI praises yahoo boys, says God will prosper their business

Rapper MI Abaga has been in the news in recent times because of an interview he granted where he spoke about how music labels in Nigeria get funding to run their business.

He revealed that the industry is mostly funded by internet fraudsters aka Yahoo Boys.

He later added that banks do not really support music labels.

“There’s no bank in the history of Nigeria that has given one Naira to any label.

There’s no corporate entity that has given any label. It's young guys. In fact, you’re more likely to get money from a Yahoo Boy.

Shout-out to Yahoo Boys. May God prosper your business.

There’s no bank in the history of Nigeria that has given one Naira to any label,” he told Pulse.