The Federal Government of Nigeria is inviting applications from young Nigerians for the Creative Economy Development Fund (CEDF), a landmark initiative aimed at scaling creative businesses and expanding their reach to new markets. The program offers large-ticket investments of $100,000 for creative businesses to scale production and access new markets.
Fund Details
The CEDF is a strategic national investment in Nigeria’s creative sector, recognizing its potential as a driver of:
* Economic growth
* Job creation
* Cultural diplomacy
It is an initiative of the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE), approved by the Federal Executive Council (FEC).
The 2025 CEDF is designed to:
* Catalyze growth and innovation
* Provide sustainable financing for Nigeria’s creative and cultural industries
* Diversify the economy and boost Nigeria’s cultural footprint globally
Eligibility
Open to individuals, businesses, and institutions in the creative and cultural economy, including:
* Writers & publishers
* Artists & fashion designers
* Filmmakers & directors
* Gaming studios
* Cultural tourism providers
* Training institutions
* Media agencies
* Digital platforms
* Legal & logistics service providers
Benefits
* $100,000 investment to scale production and expand into new markets
* Capital injection for businesses in film, music, fashion, art, publishing, gaming, cultural tourism, etc.
* Access to new financing avenues for creative entrepreneurs and organizations
* Job creation opportunities, especially for youth
* Support for intellectual property securitization and collateralization
Key Objectives
1. Stimulate growth in creative and cultural industries
2. Expand production capacity and market reach
3. Empower creative businesses to generate new jobs and livelihoods
4. Establish a transformative funding model for the creative economy
Application Process
*Step 1: Prepare your application and required business/project details.
*Step 2: Use the provided online application link to submit your application.
Deadline: September 1, 2025