NIGERIA: Spotify Reports $58 Million Payout To Nigerian, South African Artists In 2024

By Ameenat Hamzat, Lagos, Nigeria

Spotify has announced an increase in earnings for Nigerian and South African musicians in 2024, with combined royalties hitting an impressive $58 million.

According to a report released by the streaming giant, Nigerian artists earned over ₦58 billion ($37.8 million) in royalties last year, which is more than double the amount recorded in 2023.

The report also showed that South African musicians also experienced significant gains, earning over R400 million ($20.9 million) during the same period.

Spotify attributed this growth to the expanding reach of Sub-Saharan Africa’s music industry and the international success of artists such as Burna Boy, Ayra Starr, and South Africa’s Grammy-winning singer Tyla.

Their global appeal has propelled African music onto the world stage, drawing in listeners from across continents.