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 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.
This Fund represents a significant national investment in the creative sector, recognizing its potential as a driver of economic growth and cultural diplomacy
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Creative Economy Development Fund (CEDF)
Aim and Benefits of Creative Economy Development Fund (CEDF)
- 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.
Requirements for Creative Economy Development Fund (CEDF) Qualification
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
Application Deadline
May 30, 2025How to Apply
Interested and qualified? Go to
Federal Government of Nigeria on forms.gle to apply
The CEDF Application is in two phases
- PHASE 1: Application stage Opened on 28th April and closes on 30 May, 2025.
- PHASE 2: Application will open on 4th August and will be targeted at SMEs and MSMEs with smaller ticket size investments.
For more details,visit CEDF webpage
