Olamide Adedeji, also known as Olamide, is a Nigerian rapper and singer who recently shared his motivation for starting a record label.

The head of YBNL claimed that he founded a record company in order to invest his "becoming too much" money in the careers of up-and-coming artists.

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 is home to two of the hottest new generational afrobeats artists in the country: Fireboy DML and Asake.

Adekunle Gold, Lil Kesh, Chinko Ekun, Young Jonn, and Pheelz were formerly signed to the record label.