🍔 Quick Bite: Nigerian artists earned a record-breaking ₦58 billion ($37.5 million) in royalties from Spotify in 2024, more than double their 2023 earnings, showing Afrobeats’ unstoppable global rise. Despite this growth, their share remains a fraction of Spotify’s $10 billion global payout.
🧠 The Breakdown
Nigerian music is everywhere. It’s blasting from speakers in Lagos, playing in clubs in London, and topping global charts. And now, there’s money to back up the hype: ₦58 billion ($37.5 million) in Spotify royalties in 2024 alone according to Spotify’s Loud & Clear report. That’s more than double what Nigerian artists made in 2023 and five times their earnings in 2022.
But let’s put things into perspective. Spotify paid out $10 billion globally last year, and Nigeria’s share is just a small piece of that pie. Even with Afrobeats dominating playlists worldwide, the numbers raise an important question: Are Nigerian artists finally making serious money from streaming, or are they still fighting for their fair cut?
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Last updated: March 17, 2025
