For young Nigerians, the Federal Government of Nigeria is accepting applications for the Creative Economy Development Fund (CEDF).
Large-scale investments of $100,000 are available through the Federal Government’s Creative Economy Development Fund to help creative companies expand their production and reach new markets.
We will go over the opportunity’s goals, advantages, and application process in further detail.
When is the Application Deadline?
June 30, 2025 (for PHASE 1).
PHASE 2 opens on August 4, 2025 (targeted at SMEs and MSMEs with smaller ticket-size investments).
🎯 Tell Me About the Federal Government Creative Economy Development Fund:
The Creative Economy Development Fund (CEDF) is a strategic initiative by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) to boost Nigeria’s creative and cultural industries. Approved by the Federal Executive Council, the fund is designed to provide access to financing, stimulate economic diversification, and promote job creation through the creative economy.
Get Up to $100,000 Student Loan for Your Master in US or Canada.
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.
Please note that Phase One of the CEDF application focuses on investments with large ticket sizes i.e USD 100,000 and above.
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.
Read Also:
- Applications Are Open for the 2025 Cyber Defense (CYD) Fellowships in Switzerland
- Study in the UK: Royal Society Wolfson Fellowship 2025
- Study in Austria: 20 PhD Fellowships at Excellent Brains Austria 2025 (Fully Funded)
- Do You Want to Work in Denmark? Register for the Work Visa Webinar on Oct 1, 2025
📚 Which Fields are Eligible?
All sectors within the creative and cultural economy, including but not limited to:
- Film & Television
- Music
- Fashion & Design
- Visual Arts
- Publishing & Literature
- Gaming
- Cultural Tourism
- Media & Digital Platforms
- Legal/Logistics services for creative enterprises
- Creative Training Institutions
📌 Type:
Funding & Business Development Support
👤 Who Can Apply?
- Individuals, businesses, and institutions operating in the creative and cultural sectors.
- Creative entrepreneurs and professionals across Nigeria.
🧠 How are Applicants Selected?
Applicants will be selected based on:
- Alignment with creative industry objectives
- Business scalability and potential for job creation
- Ability to leverage IP assets
- Quality of proposal submitted via the CEDF portal
🌍 Which Countries Are Eligible?
Only Nigeria (applicants must be Nigerian-based creative entrepreneurs or institutions).
📍 Where Will the Award Be Taken?
Nigeria – operations and investments are expected to take place within the country.
🔢 How Many Awards?
Not specified. Multiple beneficiaries across both application phases.
💰 What is the Benefit of the Award?
- Access to large-ticket funding up to $100,000
- Increased access to finance and new markets
- Job creation and youth employment
- Opportunity to leverage IP assets for collateral
- Business development, mentorshi,p and ecosystem support
⏳ How Long Will the Award Last?
Project durations may vary, but funding is designed for scaling creative ventures and sustainable long-term growth.
📝 How to Apply for the Federal Government Creative Economy Development Fund:
- Visit the official CEDF Application
- Click on “Apply for CEDF”
- Fill out the application form
- Upload any required business or personal documentation
- Submit before the deadline: June 30, 2025
