The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) is proud to announce the official launch of the Creative Economy Development Fund (CEDF) — a groundbreaking initiative approved by the Federal Executive Council (FEC) to empower Nigeria’s vibrant creative and cultural industries.

This initiative marks a historic commitment by the Nigerian government to unlock the immense potential of the creative sector as a catalyst for job creation, economic diversification, and global cultural influence.

What is the Creative Economy Development Fund (CEDF)?

The CEDF is a strategic national fund aimed at providing sustainable financing, stimulating growth, and fostering innovation across Nigeria’s diverse creative landscape. From film and music to fashion, art, publishing, gaming, and cultural tourism, the fund is designed to support businesses and creators at every level.

Key Objectives of the CEDF

1. Stimulate Growth in Creative and Cultural Industries
CEDF will inject capital into key sectors of the creative economy, enabling businesses to expand production, enter new markets, and build international recognition.

2. Increase Access to Finance
By offering alternative financing options beyond traditional banking systems, the fund opens up critical financial pathways for creative entrepreneurs—especially those previously underserved.

3. Support Job Creation & Economic Diversification
As creative businesses scale, they will generate employment opportunities, particularly for Nigerian youth, while helping the nation shift from a reliance on oil to a more diverse economic base.

4. Leverage Intellectual Property (IP) as Collateral
A pioneering model within the fund allows creatives to use their intellectual property—such as film rights, music, digital content, and more—as viable assets for securing financing. This innovative approach recognizes and unlocks the economic value of Nigeria’s cultural output.


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How to Apply for the CEDF

The CEDF application process is structured in two phases:

Phase 1 Application
Opens: April 28, 2025
Closes: May 30, 2025

Phase 2
Launch date to be announced soon.


If you’re a creative entrepreneur or organization in Nigeria, this is your opportunity to scale your ideas, reach new markets, and contribute to Nigeria’s cultural legacy.

Don’t miss out — Apply for CEDF and be part of Nigeria’s creative revolution!