The Nigerian government is putting its weight behind the country’s creative sector, rolling out a groundbreaking initiative designed to help creatives take their businesses to the next level.
With large-scale investments available, this program aims to transform the way Nigeria’s cultural industries operate and compete globally.
Creative Economy Development Fund Offers Big Opportunities
The Federal Government Creative Economy Development Fund (CEDF) is now providing substantial support for creative businesses, offering investments of up to $100,000.
These funds are intended to help businesses scale their production, reach new markets, and explore innovative ways to grow sustainably.
Government Commits to Cultural and Economic Growth
This initiative, approved by the Federal Executive Council (FEC) and managed by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE), underscores Nigeria’s belief in the creative economy as a major driver of jobs, economic diversification, and cultural diplomacy.
The CEDF 2025 is set to provide both financial and strategic support to creatives across the nation.
Who Can Apply for CEDF 2025
The fund is open to a wide range of individuals, businesses, and institutions operating in Nigeria’s creative and cultural industries.
Eligible participants include:
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Writers and publishers
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Artists and fashion designers
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Filmmakers and directors
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Gaming studios
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Cultural tourism providers
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Training institutions
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Media agencies
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Digital platforms
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Legal and logistics service providers
What CEDF 2025 Offers
The Creative Economy Development Fund is designed to empower entrepreneurs, artists, and organizations by:
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Providing critical capital for creative businesses to expand production and reach wider audiences
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Unlocking new financing avenues for innovative projects
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Supporting job creation and livelihood opportunities, particularly for young Nigerians
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Establishing models to secure and collateralize intellectual property, ensuring creators can leverage their work for long-term growth
Objectives of the Fund
CEDF 2025 focuses on transforming Nigeria’s creative and cultural landscape through:
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Stimulating growth and innovation in creative industries such as film, music, fashion, publishing, gaming, and cultural tourism
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Facilitating access to new markets and financial resources for creative entrepreneurs
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Empowering businesses to create employment opportunities and sustainable livelihoods
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Enhancing Nigeria’s global cultural footprint and promoting cultural diplomacy
With this initiative, Nigeria is sending a clear message: the creative economy is not just about art and entertainment—it’s a serious driver of economic development, innovation, and global influence.