Record Labels of Nowadays Are Funded by Yahoo Boys – Dbanj
Former member of defunct mo’hits crew and DB records boss, Dbanj has spilled the beans on how illegal money are being used to invest in music business in Nigeria.
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As one of the panelist at the ongoing 2018 social media week, Dbanj spoke extensively on the topic, ‘Changing The Game: Artistes As Leaders’. He said most record label owners are operating blindly as they know nothing about music.
While speaking on the challenges facing Nigerian Music Industry, Dbanj said;
“Most of the new generation record labels are founded by Yahoo boys. You must understand first, why are you coming into music.
“Nigerian artistes need a lot of capacity building. It is only in Nigeria that the owner of a record label doesn’t know anything about music.”
On branding and how he got to the music business, Dbanj said;
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“Just like any product, you must always evolve. The fear of being poor made me think outside the box. This is one of the factors that drove me into music,”
