“I just started stacking up money and the money was becoming too much for me” – Olamide speaks on why he created a record label

Olamide Adedeji, the Nigerian rapper and singer commonly referred to as Olamide, has disclosed the rationale behind his decision to create a record label.

The head of YBNL shared that he established a record label to channel his increasingly substantial financial resources into supporting the careers of budding artists. He mentioned that his wealth has been growing significantly, and he wanted to invest it in nurturing the careers of young talents.

He shared this insight during an interview with Ebro Darden on Apple Music.

He said, “I just started stacking up money and the money was becoming too much for me. I’m like, yo, I don’t have anything to do with all this money, mehn, I need to sign new guys. Let me spend money on people, you know.

“It is just like my own little way of giving back to the community.”