Veteran Abiodun Ayoyinka, widely recognized for his role as Papa Ajasco, has opened up about the financial struggles he faces despite decades of fame in the Nigerian entertainment industry.
In a recent interview, Ayoyinka revealed that he received a fee for starring in the long-running TV series Papa Ajasco & Company. At the peak of the show’s popularity, he was paid ₦22,500 per episode.
He added that his current earnings from the series range between ₦45,000 and ₦60,000 per episode, but the irregular production schedule makes it difficult to maintain a steady income. The actor noted that the series typically produces only a limited number of episodes each year, further reducing his overall earnings.
Ayoyinka also expressed concerns about the limitations tied to the Papa Ajasco character, explaining that the name and costume are registered trademarks owned by Wale Adenuga Productions.
As a result, he said he cannot use the character for personal endorsements or public appearances without the production company’s permission.
“That character is a very strong character. Anyone that wants to use me outside wants me as Papa Ajasco, but I cannot use the name or costume without permission,” he said.
The actor further disclosed that despite his long career in the industry, he currently does not own a house or a car.
“I don’t have a car of my own. I don’t have a house of my own,” he said.
Ayoyinka, who retired from the Lagos State Council for Arts and Culture about five years ago, said the situation highlights the financial struggles many veteran actors face in the Nigerian film industry.