By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Buhari’s Anti Corruption Policies Costing Entertainers Billions Of Naira – Davido
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Entertainment

Buhari’s Anti Corruption Policies Costing Entertainers Billions Of Naira – Davido

Farouk Mohammed
By Farouk Mohammed
Published: February 18, 2016
Share
2 Min Read
SHARE

051014-shows-beta-nominess-Davido-press-portrait.jpg1_11-1-1-1-1-1-1-2-1

Trending African pop artist has revealed that the policies of the Buhari administrarion on corruption is causing huge losses in revenue to Nigerian pop stars from private concert billings.

Davido who was the cover feature of the global edition of Fader magazine told the publication that he is currently losing at least N107 million (based on current parallel market exchange rate) as a result of the Buharinomics.

An excerpt of the Fader report:

In May 2015, Nigeria elected a new president, Muhammadu Buhari, who has promised to clean up the country’s unchecked corruption. Buhari has threatened government officials and bank executives with criminal charges and already levied fines on large corporations. MTN was fined $5.2 billion in November 2015 for selling unregistered mobile SIM cards, an illegal practice government officials believe may have benefited terrorist groups like Boko Haram.

Davido says people with money are now afraid that flashy gestures will make them targets of government watchdogs, and that, as a result, the private concert market has begun to shrink. In 2014, he says, he might have booked as many as six gigs on a given Saturday—each paying in the neighborhood of $70,000. Today, it’s closer to two or three. “The show money is cool, but I need the kind of money that comes in the mail,” he says. “Now, if I say no shows, where’s the money going to come from? I should be able to take my daughter somewhere and say, ‘I’m not doing no shows for two months.’”

Read the entire story entitled Nigeria’s Fortunate Son on Fader.
Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:buhariCelebritiesdavido
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article PHOTO: Bread Seller Turned Model, Olajumoke Orisaguna’s Children Get Scholarships From Stanbic IBTC
Next Article Naira Slumps Further To N391 Per Dollar at Parallel Market

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?