Spotify Payouts to Nigerian Artists Surge to Over ₦58 Billion

Spotify has revealed in its latest Loud & Clear report that royalty payouts to Nigerian artists hit a massive ₦58 billion in 2024.

This figure represents a staggering 132 percent increase compared to previous payout cycles, proving that Afrobeats streaming monetization is reaching unprecedented heights.

The report highlights that the number of Nigerian artists earning significant income from Spotify has more than doubled over the past two years.

Local genres like Fuji, Street Pop, Highlife, and Igbo Pop also experienced huge streaming growth alongside mainstream Afrobeats releases.

Industry experts note that while international listeners generate a large share of revenue, local streaming adoption in Nigeria is rising fast despite data costs.

Spotify confirmed it will keep investing in creator support programs and playlisting across West Africa to sustain this financial growth for local creators.