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16 May 2012, 13:03 | Updated: 16 May 2012, 13:38
The 'Young Forever' rapper teased the upcoming debut after announcing his new festival Made In America.
Jay-Z has described his new protege Jay Electronica's debut record as "scarily good", and promises that the record is "really close" to being released.
The '99 Problems' rapper updated fans on the Roc Nation artist's progress during a press conference earlier this week to announce his two-day festival event Made In America.
Jay-Z signed Jay Electronica to his label Roc Nation back in 2010 and says he loves the fact that the American hip-hop star and producer is such a unique artist.
"I love that. I want to support that sort of energy," Jay-Z told MTV News. "I want people to be creative and not traditional, not just a single this time [and] this time.
"You know, he operates at his own time, but the album is really close," the 'Young Forever' rapper promised, before teasing what fans can expect from the debut album. "It's exactly what it should be - it's amazing.
"Him as a lyricist is almost scary, he's scary good," Jay-Z added.
Earlier this week the Roc Nation boss admitted he is considering taking so time away from the recording studio to spend more time with his new daughter Blue Ivy and wife Beyonce.
Jay-Z is due back to the UK this Friday (18th May) to kick off his joint 'Watch The Throne' European tour with Kanye West at London's O2 Arena.
View a picture of Jay-Z at the press conference for his new festival Made In America below (Credit: PA):