The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) is pleased to announce the rollout of the Creative Economy Development Fund (CEDF), a landmark initiative approved by the Federal Executive Council (FEC).
The CEDF is designed to catalyze growth, innovation, and sustainable financing for Nigeria’s creative and cultural industries, in line with the government’s commitment to creating jobs, stimulating economic diversification, and boosting Nigeria’s global cultural footprint.
This Fund represents a significant national investment in the creative sector, recognizing its potential as a driver of economic growth and cultural diplomacy.
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When is the Application Deadline:
- Phase 1: Closed (28 April – 30 June 2025)
- Phase 2: Closes 1 September 2025 – targeted at SMEs and MSMEs with smaller ticket-size investments.
Tell Me About The Award:
The Creative Economy Development Fund (CEDF) is a landmark initiative by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE), approved by the Federal Executive Council. It aims to catalyze growth, innovation, and sustainable financing for Nigeria’s creative and cultural industries, boost Nigeria’s global cultural footprint, create jobs, and drive economic diversification.
Which Fields are Eligible?
Sectors within Nigeria’s creative and cultural economy, including:
- Film and television production
- Music and performing arts
- Fashion and design
- Art and publishing
- Gaming and animation
- Cultural tourism
- Training and educational institutions
- Media agencies and digital platforms
- Legal and logistics services supporting creative industries
Type:
Creative sector funding and business development support.
Who can Apply?
- Individuals, SMEs, MSMEs, and institutions in Nigeria’s creative and cultural economy.
- Creative entrepreneurs with scalable projects or businesses.
How are Applicants Selected?
Selection will be based on:
- Alignment with the creative and cultural industries
- Business scalability and potential for market expansion
- Capacity to create jobs and contribute to economic diversification
- Innovative use of intellectual property (IP) as a business asset
Which Countries Are Eligible?
Nigeria only.
Where will the Award be Taken?
Nigeria (funding support for businesses within the country).
How Many Awards?
Not specified – limited by funding capacity per phase.
What is the Benefit of the Award?
- Up to $100,000 funding for business growth
- Capital injection to expand production and reach new markets
- Access to new financing avenues beyond traditional loans
- Opportunity to leverage intellectual property as collateral
- Contribution to job creation and youth empowerment
How Long Will the Award Last?
Duration depends on approved project timelines under CEDF funding arrangements.
How to Apply:
- Prepare your business proposal in line with CEDF focus areas.
- Visit the official application portal.
- Complete the online form with required details.
- Submit before the Phase 2 deadline.