Nigerian artists earn ₦58 Billion on Spotify in 2024 amid global streaming disparities
- Nigerian artists earned over ₦58 billion (~$37.5 million) in royalties from Spotify in 2024.
- This figure represents a more than twofold increase from 2023 and is five times higher than their 2022 earnings.
- Independent artists and labels collectively generated more than $5 billion from Spotify in 2024.
While the growth in earnings for Nigerian artists is commendable, it underscores a larger issue within the music industry regarding equitable revenue distribution. The disparity between the earnings of Nigerian artists and top global artists raises questions about the sustainability of their success in the streaming economy. A critical discussion is needed on how streaming platforms can implement fairer revenue-sharing models that benefit artists directly.
