“Why I started my own record label” – Rapper, Olamide opens up

Renowned Nigerian rapper and music executive, Olamide, popularly known as Badoo, has revealed the idea behind his record label, YBNL.

Olamide claimed that he started signing young artists in order to reinvest in the company that was giving him income and cut back on unnecessary spending.

The CEO of YBNL Records revealed this during a conversation with Nandi Madida of Apple Music’s AfricaNow Radio, about his highly anticipated album, ‘Unruly’.

He said: “The world was in love with my stuff, (and) I was grateful for that. But I also felt it was time to make sure I reinvested in that same thing that was making people love and appreciate me.

It used to be just about passion, but I figured it was high time I stepped up, reinvested and made it a proper business.”

“I set up my own record label and started signing artistes because I did not want all that money to just go wasting on ‘ballin’ (having fun). All that money had to go back into the business. That was how the whole thing started.”

Speaking about his upcoming ‘Unruly tour’ he stated that the last time he was on stage was last year, at Asake’s show, the music sensation revealed that he will be having more trips soon.

“I think the last time I was on stage was last year at Mr Money (Asake)‘s concert in London, United Kingdom. But, this December, I will be having my concert in Nigeria.

Also, I will be going on tour next summer to the United States of America and Europe. I am going to be back on the road.”

“My fans have been asking me to ‘come outside’. And now, I am ready. I have been on the ground, trying to put in work and get my stuff together, because the new wave is so crazy right now, and one has to figure out a way to be in tune with the times, which is not easy. So, I have been working on that for so long. That’s why it took me so long” he said