The performance fees of Afrobeat superstars, Wizkid, Davido, Burna Boy and Olamide has leaked online and trending on social media with Burna Boy topping the chart.
Nigerian singers have been making great feats and money through various means such as streaming, endorsements, merchandise and marketing.
However, performance fees remain a crucial part of their income. With the rise of Afrobeats, artists have been commanding higher fees for their performances at events, shows and concerts.
According to Adefuwa-Cole, CEO of Cole Management Services, top Nigerian music stars prefer to charge in dollars, either at home or abroad to keep up with the world’s market forces.
Adefuwa-Cole revealed what some of the top Nigerian singers charge per event.
Burna Boy commands the highest performance fee, charging 1 million dollars or more per show.
Wizkid charges between 800 thousand dollars to 1 million dollars, while Davido is in third place, charging around 500 thousands dollars per show.
Asides from the fixed performance fees, other considerations are made as the artists make other demands for themselves and their crew as part of convenience for the show.
For instance, Wizkid, a chartered flight must be provided, with one business class and six economy return tickets.
The fees charged by top Nigerian music artistes are influenced by many factors, including the location of the event, the size of audience, and the artist’s popularity.
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