The Federal Government launched the first phase of its Creative Economy Development Fund (CEDF), designed to provide sustainable financing for Nigeria’s rapidly growing creative and cultural industries.
The fund, which recently received approval from the Federal Executive Council (FEC), was officially announced by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE).
The CEDF aims to fuel innovation, create jobs, and diversify Nigeria’s economy.
The Ministry emphasized that the fund will empower various sectors, helping to position Nigeria as a global leader in creative industries.
Applications for Phase 1 will close on May 30, 2025. A second phase, tailored for SMEs and MSMEs seeking smaller funding amounts, is scheduled to launch on August 4, 2025.
The CEDF is open to a wide range of participants in the creative space, including:
Interested and qualified candidates can apply via the official CEDF website
For more details visit the CEDF official website.