Creative Economy Development Fund (CEDF) 2025 For Nigerian Creatives

The Creative Economy Development Fund (CEDF), a historic initiative authorized by the Federal Executive Council (FEC), is already being implemented, with great pleasure from the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE).

In keeping with the government’s pledge to generate employment, encourage economic diversification, and enhance Nigeria’s cultural influence internationally, the CEDF is intended to spur development, innovation, and sustainable funding for the country’s creative and cultural sectors.

KEY OBJECTIVES OF 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 marketsOnline art coursesIncreasing Access to Finance :Opening up new financing avenues for creative entrepreneurs and organizations, including those who previously lacked access to traditional bank loans or investors.
  • Supporting Job Creation and Economic DiversificationEmpowering creative businesses 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 traditional sectors.Leveraging Intellectual Property (IP) as an AssetEstablishing a transformative model for securitizing and collateralizing intellectual property. Creative
    talents will be able to leverage their IP (such as film rights, musical works, or digital content) as viable
    Assets to secure financing – a pioneering move to unlock the value of Nigeria’s rich creative content.

Application Deadline: June 30, 2025

Where to Apply: Visit he official website of Creative Economy Development Fund

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