Basslines to Billions: Nigeria's Music Market Intelligence Report, 2025
by Regalstone Capital
Nigeria’s music industry generated about $600 million (₦901 billion) in 2024 and is projected to surpass $1.03 billion (₦1.5 trillion) by 2033, growing around 7% annually. Live performances drive most earnings, while streaming expands. Fueled by Afrobeats and youth audiences, the sector boosts jobs, investment, and cultural influence despite structural challenges.