Following the approval of the Creative Economy Development Fund (CEDF) by the Federal Executive Council (FEC), the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) is pleased to announce the launch of the CEDF, which is a significant initiative.
Read more to learn about the eligibility criteria, benefits and how to apply for the FMACTCE Federal Government Creative Economy Development Fund (CEDF) 2025.
Also see: ITF-NECA Technical Skills Development Programme
Summary of ITF-NECA Technical Skills Development Programme
| Host: | Federal Government of Nigeria |
| Category | Internships | Training |
| Application Method | Online |
| Title | FMACTCE Federal Government Creative Economy Development Fund (CEDF) |
| Eligible Countries: | Nigeria |
| Reward: | Access to $100,000 Funding | Job Creation & Opportunity | Business Mentorship |
| Deadline: | PHASE 1 closes on 30 May, 2025. |
About the FMACTCE Federal Government Creative Economy Development Fund (CEDF) 2025
With great pleasure, the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) is pleased to announce the launch of the Creative Economy Development Fund (CEDF), a groundbreaking project that has been approved by the Federal Executive Council (FEC).
It is in accordance with the government’s objective to create jobs, foster economic diversification, and strengthen Nigeria’s worldwide cultural footprint that the Creative Economy Development Fund (CEDF) is created to stimulate growth, innovation, and sustainable finance for Nigeria’s creative and cultural industries.
In recognition of the creative sector’s potential to be a driver of economic growth and cultural diplomacy, this Fund represents a significant government investment in the creative sector.
KEY OBJECTIVES OF CEDF
- Promoting Growth in Creative and Cultural Industries.
- We provide capital injections to enterprises in cinema, music, fashion, art, publishing, gaming, and cultural tourism industries to grow output and enter new markets.
- Increasing Access to Finance
- Providing new funding options for creative enterprises and organizations, especially those who were previously unable to obtain standard bank loans or investors.
- Promoting job creation and economic diversification.
- Empowering innovative enterprises to scale up will lead to the creation of new jobs and livelihoods, especially for youth, while diversifying Nigeria’s economy beyond oil and other conventional sectors.
- Valuing Intellectual Property (IP) as an Asset
- Developing a new paradigm for securitizing and collateralizing intellectual property. Nigeria’s creative talent can now use their intellectual property (IP), including film rights, musical compositions, and digital content, to seek financing. This is a pioneering move to unlock the value of the country’s creative content.
Who can apply for funding?
The Fund is open to every part of the creative economy value chain — not just high-
profile creatives, but also the suppliers, enablers, and marketers who make creative work
Possible.
Tourism
Tour operators
✓ Booking platforms
✓ Local guides & hotel
Fashion
✓ Textile mills & tanneries
✓ Tailors & designers
✓ Fashion shows & retailers
Film & TV
✓ Writers & directors
✓ Post-production teams
✓ Cinema operators
Music
✓ Artists & producers
✓ Studios & labels
✓ Marketers & promoters
Cultural Heritage
✓ Heritage site managers
✓ Community artisans
✓ Festival organizers
Cultural Heritage
Heritage site managers
✓ Community artisans
✓ Festival organizers
Gaming & Animation
✓ Developers & studios
✓ 3D artists, voice actors
✓ Streamers & marketers
Publishing
✓ Authors & editors
✓ Printers & publishers
✓ Distributors & bookstores
Visual Arts
✓ Artists & sculptors
✓ Galleries & curators
✓ Online art platforms
Benefits of the program
- The Creative Economy Development Fund (CEDF) is designed to support the empowerment of creatives, entrepreneurs, and organizations in the cultural and creative sectors.
- The CEDF is a strategic national investment that is intended to unlock the immense potential of Nigeria’s creative sector and elevate it as a catalyst for economic development and cultural diplomacy.
Note: The CEDF Application is in two phases.
The 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.
How to Apply
Click on the application button below to apply online.