Federal Government Launches Creative Economy Development Fund (CEDF)
The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE), with the approval of the Federal Executive Council (FEC), has officially opened applications for the Creative Economy Development Fund (CEDF).
This groundbreaking initiative is designed to drive growth, innovation, and sustainable financing across Nigeria’s creative and cultural industries. It aligns with the government’s broader agenda to generate jobs, diversify the economy, and strengthen Nigeria’s global cultural influence.
Key Objectives of the CEDF
- Stimulate Growth in Creative and Cultural Industries: Funding will be provided to businesses in film, music, fashion, art, publishing, gaming, and cultural tourism, enabling them to expand production and reach new markets.
- Increase Access to Finance: The fund creates new financing opportunities for creative entrepreneurs and organizations, particularly those previously excluded from traditional banking and investment systems.
- Support Job Creation and Economic Diversification: By empowering creative enterprises to scale up, the fund will generate new jobs—especially for young people—while reducing Nigeria’s dependence on oil and traditional sectors.
- Leverage Intellectual Property (IP) as an Asset: A pioneering framework will allow creatives to use IP (such as film rights, music, and digital content) as collateral for financing, unlocking new value from Nigeria’s rich cultural output.
Funding Windows
The CEDF provides multiple tailored financing options:
- Grant Funding Window: Designed for innovative cultural projects that may not yet be commercially viable but have strong social or cultural impact (e.g., community arts, heritage preservation, experimental films). Grants will be professionally managed to ensure sustainability.
- Debt Financing Window: Offers affordable loans and credit facilities to creative startups and enterprises with repayment capacity, helping them expand operations or complete projects.
- Equity/Quasi-Equity Window: Provides long-term capital support through equity or convertible instruments, allowing CEDF to co-invest in high-potential projects—such as film productions or fashion brands—and share in their future growth.
Application Deadline: 1st September 2025
How to Apply
Interested candidate should Go click link below to Apply.
1. Apply for Grant CLICK HERE TO APPLY
2. Apply for Others CLICK HERE TO APPLY
