Latest Naija Music – Best Nigerian Music 2022 MP3 Download
The Nigerian Music Industry Growth Projections:
According to a Statista study conducted in Nigeria, the music industry’s revenue increased from 26 million US dollars in 2014 to 34 million dollars in 2018. According to Statista’s research and projections, this figure is expected to rise to 44 million dollars by 2023.
According to the findings from those studies, the music industry has the potential to support millions of young people while also generating significant revenue for the economy.
This artist receives royalties, which are payments made to recording artists, songwriters, composers, publishers, and other copyright holders in exchange for the use of their intellectual property.
According to Dataleum, the most streamed artists on Spotify in July 2022 are: Wizkid with 4.6 billion streams, BurnaBoy with 3 billion, Ckay with 2 billion, Mr. Eazi with 1.4 billion, and Davido with 1 billion.
According to a 2020 Business Insider report, artists can earn up to $0.0033 per stream, for a total of $3,300 per million streams.
Wizkid, Ayodeji Ibrahim Balogun, is the most streamed artist on Spotify, with over 4.6 billion streams as of July 2022.
