A study conducted in Nigeria by a firm, Statista, revealed that Nigeria’s music sector’s revenue is projected to increase to $44 million (roughly N18.5 billion) by 2023. According to the research and projection by Statista, the country’s music industry’s revenue grew from $26 million in 2014 to $34 million in 2018. This is because as technology continues to impact the music industry with easy access to music, Nigerian artists are earning streaming royalty through digital distribution platforms. The industry has also gone from CD eras to streaming eras, with streaming…
Read MoreNigeria’s music industry to hit $44m as artists streaming revenue soars
