List of Most paid Musical Artistes in Nigeria

The musical industry in Nigeria has indeed grown into a mega box industry. Gone are days when musicians in the country sing and make hit records and the only thing they show for their effort is popularity.

But these days top musical artistes like Tu face Idibia, Dbanj,Psqure,Banky W,Don Jazzy of Mo Hits records, Terry G and many others are all smiling to bank with lots of money made from musical shows, product lunch, endorsement, musical tour to African countries, America and Europe, sales of album CDs.

Below are the Photographs of four top musical artistes in Nigeria who make millions of Naira weekly plying the trade of music.

TU FACE IDIBIA.

Tu face idibia (aka Tu Baba) is one of the most paid artist in the Nigeria music industry.

Endorsement deals:  He makes money from endorsement deal with Big companys in Nigeria.

In actual fact Tu Face had endorsement deals where he earned millions of Naira with companies like Airtel, Guinness Nigeria plc and others.

Performance fees charged:    N4m to N5m for shows in Nigeria.

Businesses owned:     HyperTech records

DBANJ

Dbank is another artist that has made hundreds of millions of Naira from music in Nigeria.

Endorsement deals: 

Millions with Chris Aires of America

Globacom telecommunications.

Performance fees charged:   

N5m to N7m for Shows in Nigeria.

$80,000 to $150,000 for Shows in African countries.

£40,000 to £60,000 for Shows in the United Kingdom.

$ 50,000 to $60,000 for shows in America.

Businesses owned: Koko mobile phone, Koko bottled Water Company etc.   

BANKY W

Below is how Banky W makes his money from music.

Endorsement deals: 

He is a brand ambassador of Estisalat Nig (Telecommunications Company).

Endorsement deal from Coca Cola-Nigeria’s 2010 South Africa World Cup theme song.

Performance fees charged:   

N2.5m to N3m for shows in Nigeria.

P- SQUARE

P-Square is a leading musical group in the country,the group is made up of twin brother Paul and peter Okoye (twin).

Endorsement deals: 

The group has a4years endorsement deal with Globacom Nig that is worth about N240m.

Performance fees charged:   

N2m for shows locally.

Awards Money:  Made $1m from KORA award as Best Africa Artiste 2010.

Foreign tours: Made $1m last year from Their American tour of seven American cities.

WIZKID
Performance fees charged:
N1.2m for shows in Nigeria.
WEEZBOY
Performance fees charged:
N850,000 for shows locally.
9ICE
Performance fees charged:
N750,000 for shows Nigeria.
CLEVERJ
Performance fees charged:
N250,000 for shows locally.
ORISAFEMI
Performance fees charged:
N120,000 for showNigeria.

The music industry in the country is indeed a gold mine from which through which local and foreign investors can make high return on investment in the area music production, music distribution and promotion.