The Federal Ministry of Arts, Culture, Tourism, and Creative Economy has launched the first phase of the Creative Economy Development Fund (CEDF), aimed at strengthening various creative sectors and positioning Nigeria as a global hub for innovation in arts and culture.
Applications for this initial phase—targeting larger funding requests of $100,000 and above—will close on May 30, 2025. A second round, specifically for SMEs and MSMEs seeking smaller funding, will begin on August 4, 2025.
Eligible applicants include writers, publishers, artists, filmmakers, fashion designers, gaming studios, tourism operators, and service providers in media, logistics, law, and training.
Read also,
- Inside Renny Foods’ Journey From Food Truck Breakthrough to Lagos Expansion
- Shettima unveils new funding, tech opportunities
- Warren Buffett’s quietly builds a $75 billion bet on AI giants
- Osun unveils digital city, tech festival, power reforms to boost innovation
- APPLY NOW: Medical Sales Representative
To apply, interested parties must complete an online form on the official CEDF website, submit proof of business registration, financial projections, and register with the Creative Leap Accelerator Program (CLAP).
CEDF 2025 is designed to promote sustainable growth, create jobs—especially for young people—and facilitate access to capital in the creative economy. The fund also supports using intellectual property as collateral, giving creative entrepreneurs more leverage in securing future funding.
