by The Nigerian government has launched the phase 1 of the Creative Economy Development Fund to provide financing for the creative industry. Apply and receive 2025 Federal government $100,000 Creative Economy Development Fund (CEDF), as application deadline draws near.
About Creative Economy Development Fund (CEDF)
The Creative Economy Development Fund (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.
The fund, which was recently approved by the Federal Executive Council (FEC), was officially announced by the Ministry of Arts, Culture, Tourism, and Creative Economy. The Ministry noted that this initiative aligns with the federal government’s broader economic agenda to diversify away from oil and enhance Nigeria’s global cultural influence.
This Phase One of the CEDF application focuses on investments with large ticket sizes i.e USD 100,000 and above. The Nigerian government launched this phase one of the Creative Economy Development Fund (CEDF) to provide sustainable financing for the country’s growing creative and cultural sectors.
The Phase 2 which will launch on the 4th of August 2025 will receive applications from SMEs and MSMEs with a smaller ticket size for their investments.
Purpose of Creative Economy Development Fund (CEDF)
The fund aims to empower several sectors, positioning Nigeria as a global player and leader in creative industries.
The fund targets writers and publishers, artists, fashion designers, filmmakers and directors, gaming studios, cultural tourism providers, media and digital platforms, local logistics, and training providers.
The Ministry highlighted that the CEDF will:
- Provide capital injections to creative businesses to scale production and access new markets.
- Expand financing options for creatives traditionally excluded from bank loans and investor networks.
- Generate employment opportunities, especially for youth, by supporting enterprise expansion in the sector.
- Introduce an innovative model that allows intellectual property (IP), such as film rights, music, and digital content, to be used as collateral for loans.
How to apply for the Creative Economy Development Fund (CEDF)
Eligible and interested applicants should visit the fund’s platform, click on apply, fill out the form and provide their details.
- Applicants must provide their company’s name, address and proof of business registration.
- They are also asked to provide the main and supplementary contact details, area of operation, current stage of business, and the type of funding.
- According to reports, only applications from $100,000 and above will be accepted in the first phase.
- Other documents required are the presentation of a five-year business plan.
Note: The name, email, and photo associated with your Google account will be recorded when you upload files and submit this form, use your real email to apply.
When in the Application Deadline?
Application for phase one (1) of the fund will close on May 30, 2025, while the second phase, targeting SMEs and startups, will launch on August 4, 2025.
Source: Legit ng
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