The Nigerian music industry has evolved. All generations of Nigerians have had music of their generation. Yesterday’s reigning music is today’s oldies and our contemporary music would surely be old school to our children. At some point, music in Nigeria was seen as a mere pass-time but it has now grown to be a major player in the GDP of the economy. However, the most interesting thing is that with the growth of music in Nigeria has come wealth. Musicians now earn millions in shows, endorsements, album sales, etc. We bring to you the top ten earners (per show)/highest paid Nigerian musicians.
Highest Paid Nigerian Musicians
1. P-Square: Between N10 – N15 million
This very identical twin brothers, Peter and Paul Okoye are at the top of this list. The Usher lookalikes, managed by their elder brother, Jude “Engees” Okoye, are having the time of their lives. Recently rumoured to own a private jet, they are fans delight both in Nigeria and abroad which makes them command an astronomical fee of as much as N10 – N15 million per show in Nigeria (almost $65,000 – $75,000), and as much as $200,000 outside the country. Promoters usually beg them to feature in their shows due to the fact that if P-Square graces any concert, the show is sold out. P-square is signed under the Square Record label.
2. D’banj: Between N6 – N10 million
Oladapo Daniel Oyebanji popularly known as D’banj is next up on this list. The Koko Master who hails from Shagamu in Ogun State, Nigeria may not be as big as he once was but take it or leave it, D’banj is still a big player in the Nigerian music industry. Having done collabos with American hip-pop stars like Snoop Dogg and Kanye West, he is still high up in demand and still command huge fees. D’banj rakes in about N6 – N10 million ($42,000 – $50,000) per show and recently took agriculture to the studio with his “Cocoa na chocolate” song, a move which is Africa biggest musical collaboration to promote agriculture in Africa. He is the founder of DB Records.
3. Tuface: N7 million
The proud father of seven, Innocent Ujah Idibia popularly known as Tuface or 2baba officially makes N7 million ($32,000) per show in Nigeria. He is an indigene of Benue State and known to be very compassionate in his fee range. In fact, there have been incidents in which he has accepted to perform in shows which some other artists rejected because of the performance fee. He even charges as low as $35,000 for shows outside of Nigeria. He is head of Hypertek Entertainment.
4. Wizkid: Between N4 – N5 million
Ayodeji Ibrahim Balogun a.k.a. Wizkid is head of Starboy Entertainment. In February 2014, he became the first ever Nigerian musician to have over 1 million followers on Twitter. His popularity, both at home and abroad accounts for the N4 – N5 million which he takes home per show. He is also believed to have signed an undisclosed multi-million dollar deal with Akon’s Konvict Music label and the deal has set the young artist as the 4th richest artist in Nigeria. He also has endorsements with Pepsi.
See also: Top 10 Famous Nigerian Musicians, 2014
5. Dr Sid: N3 – N5 million
Sidney Onoriode Esiri, the son of the late veteran actor, Justice Esiri is a graduate of the University of Ibadan where he studied Dental Surgery. A doctor by profession, he preferred to follow his passion for music and is not regretting it today. He has shown without a doubt that he is indeed called into the entertainment industry as against the medical profession. This Mavin Records artist doesn’t perform for anything less than N3 million — and in some cases N5 million while outside of Nigeria he makes about $20,000 per performance.