Apply for the Federal Government Creative Economy Development Fund (CEDF)!
The Federal Government of Nigeria is inviting applications for the Creative Economy Development Fund (CEDF) for young Nigerians.
The Federal Government Creative Economy Development Fund offers large-ticket investments of $100,000 for creative businesses to scale production and access new markets.
Creative Economy Development Fund (CEDF) Summary
Creative Economy Development Fund (CEDF) Details:
The Federal Government Creative Economy Development Fund represents a significant national investment in the creative sector, recognizing its potential as a driver of economic growth and cultural diplomacy.
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 2025 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.
Creative Economy Development Fund (CEDF) Requirements:
The CEDF 2025 is open to individuals, businesses, and institutions across the creative and cultural economy, including:
- Writers and publishers
- Artists and fashion designers
- Filmmakers and directors
- Gaming studios
- Cultural tourism providers
- Training institutions
- Media agencies
- Digital platforms
- Legal and logistics service providers
Creative Economy Development Fund (CEDF) Objectives:
The key objectives of the Federal Government Creative Economy Development Fund (CEDF) include;
- Stimulating Growth in Creative and Cultural Industries.
- Providing the capital injection needed for businesses in sectors such as film, music, fashion, art, publishing, gaming, cultural tourism etc.,
- To expand production and reach new markets.
- Opening up of new financing avenues for creative entrepreneurs and organizations..
- Empowering creative businesses for the creation of new jobs and livelihoods,
especially for youths. - Establishing a transformative model for securitizing and collateralizing intellectual property.
Creative Economy Development Fund (CEDF) Benefits:
- The Creative Economy Development Fund (CEDF) to empower creatives, entrepreneurs, and organizations within the cultural and creative industries.
- The CEDF as a strategic national investment designed to unlock the immense potential of Nigeria’s creative sector and elevate it as a catalyst for economic growth and cultural diplomacy.
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How to Apply for Creative Economy Development Fund:
To apply for the Federal Government Creative Economy Development Fund, interested and qualified candidates should click the button below to visit the application page.
