The Creative Economy Development Fund

Executive Summary

The Creative Economy Development Fund (CEDF) is a bold new initiative by Nigeria’s Ministry of Art, Culture, Tourism, and the Creative Economy, designed to inject serious support into the country’s creative and cultural industries. 

It’s open to everyone in the value chain—creators, producers, enablers, service providers, marketers, and distributors—offering tailored financial tools like affordable loans, equity investment, and grants. If your work contributes to Nigeria’s creative ecosystem in any way, this fund is built with you in mind. 

It’s a rare chance to get the kind of backing that helps ideas grow into real, sustainable ventures. Applications for Phase 1 close on May 30, 2025. 

Opportunity

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.

Note: The CEDF Application is in two phases.
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1. The PHASE 1 Application stage Opened on 28th April and closes on 30 May, 2025.

2. PHASE 2 Application will open on 4th August and will be targeted at SMEs and MSMEs with smaller ticket size investments.

Visit www.cedfnigeria.com to apply.