Olamide Adedeji, a Nigerian rapper and artist better known as Olamide, has revealed why he founded a record label.

The YBNL boss stated that he founded a record label in order to spend his “becoming too much” money on the careers of budding artists.

He revealed this in an interview with Ebro Darden of Apple Music.

“I just started stacking money,” he explained, “and the money was becoming too much for me.” I’m like, yo, I don’t know what I’m doing with all this money, then, I need to sign new men. Allow me to spend money on individuals.

“It’s like my own personal way of giving back to the community.”

YB OlamideNL Nation is home to two of the country’s hottest new generational Afro-beat performers, Fireboy DML and Asake.

The label previously signed Adekunle Gold, Lil Kesh, Chinko Ekun, Young Jonn, and Pheelz.