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.

GRANT DETAILS 

• Funding Size: Funding of up to 100,000 USD 
• Funding types: 
  • Grant funding: The Creative Economy Development Fund (CEDF) provides targeted grant support to projects and businesses within the cultural and creative industries (CCI) that are not expected to achieve commercial profitability within the next five years, yet demonstrate clear and measurable potential for significant social impact or for strengthening the wider CCI ecosystem.
  • Equity Funding: The Creative Economy Development Fund (CEDF) Phase 2 provides equity investment, Loans and strategic support to established creative businesses and projects within the cultural and creative industries (CCI) that demonstrate strong commercial potential and are ready for growth and expansion
• Target: Creative projects
• Application Deadline: October 1, 2025

ELIGIBILITY CRITERIA 

• Operate within the creative economy (Film, Music, Fashion, Gaming, Arts, Publishing, Tourism, etc.)
• Have a solid project plan or business proposal
• Must be a registered business entity (minimum 2 years)
•  Provide audited financial statements for the last 2 years
•  Market Validation: Demonstrate existing customer base and 
• Growth Plan: Clear expansion strategy with measurable milestones
•  Team Experience: Proven management team with relevant industry experience
•  Investment Use: Specific plans for how equity investment will be utilized

Relevant Links 

• Find out more
• Apply for Grant
• Apply for others (Equity)

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