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Nigerian Afrobeat sensation, Davido, has been revealed to have a staggering endorsement fee of $5 million (equivalent to N2.3 billion) for a one-year period.
Anambra Tech guru and Billpoint CEO, Linus Williams, shared a copy of the response he received from Davido’s team after inquiring about an endorsement deal.
The post titled “Re: Endorsement Deal Inquiry” reads “Hello Mr Williams, thank you for your email. Davido’s endorsement fee is $5m for a full calendar year and is subject to review at the end of the endorsement period. kindly let me know how you would like to proceed.”
The response stated that Davido’s fee is subject to review at the end of the endorsement period.
Williams had initially prepared N150 million (approximately $205,000) to bring in Davido as a brand ambassador but gave up after receiving the response from Davido’s team.
The tech guru expressed surprise at the high cost of endorsement deals and asked for suggestions on who to sign to the Billpoint family with $205k.
The post read: “@billpoint.co drafted the sum of 150m naira which is equivalent to $205k to Bring davido as our Brand Ambassador As his the best man for the Job.
“We finally gave up when we got this response from his team , Who do you think we should sign to Billpoint family with $205k ? i nor know say na like endorsement deal dey cost o”
