Rapper Olamide Adedeji aka Olamide has openly shared why he established a record label.
The YBNL frontman said he started a record label so he can spend his money which is “becoming too much” on young artistes’ careers.
He disclosed this in an interview with Apple Music’s Ebro Darden.
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”.
Olamide’s YBNL Nation has produced many raving and thriving artists including Fireboy DML and Asake.
Adekunle Gold, Lil Kesh, Chinko Ekun, Young Jonn, and Pheelz were formerly signed to the record label.