Nigerian music executive and producer Don Jazzy has shared his thoughts on why many young Nigerians struggle to sustain wealth even after making substantial income.
According to the Mavin boss, one of the major reasons many youths go broke is the habit of spending money on unnecessary things instead of focusing on long-term value and financial stability.
“The reason Nigerian youths go broke after making a lot of money is because they spend on irrelevant things and things they don’t need,” he said.
Don Jazzy explained that real financial success goes beyond luxury and should include taking responsibility for family needs and making meaningful investments.
He noted that although he can afford luxury items, including expensive cars and even a private jet, he prefers to invest his resources in things that create lasting impact.
“I’ve been blessed enough for a long time to be able to afford any car that I want or even to buy a private jet or whatever, but I have more important things to take care of. I have family to take care of… I’d rather invest in other things,” he added.
The music executive also advised young people to focus on self-development by acquiring practical skills and knowledge that can generate income over time.
“There’s nothing that beats investment, including investing in your own self, including going to acquire knowledge of something you can charge people for.”
He further revealed that he is currently learning about the forex market as part of his personal development journey.
“Even the Forex I’m learning now, I’m investing in myself,” he said.
“The reason Nigerian youths go broke after making a lot of money is because they spend on irrelevant things and things they don’t need
— carter🌚 (@carter6f) April 15, 2026
I’ve been blessed enough to buy a private jet 🛩️, but I have family to take care of… I’d rather invest in other things”
— Don Jazzy pic.twitter.com/mcOsrTLV4v
