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).
Phase 1 of the Creative Economy Development Fund (CEDF) is now open for applications.
This landmark fund offers tailored financial support including affordable loans (debt), equity investments, and grants to empower Nigeria’s creative and cultural industries.
The CEDF is open to all parts of the creative economy value chain , from content creators and producers, to enablers, service providers, marketers, and distributors.
If your project contributes to Nigeria’s creative or cultural ecosystem, it falls within the scope of this call.
KEY OBJECTIVES OF CEDF
1. 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 markets.
2. Increasing 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.
3. Supporting Job Creation and
Economic Diversification: –
Empowering 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.
4. Leveraging Intellectual Property (IP)
as an Asset:-
Establishing 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 Dealine May 30, 2025.
Method of Application
Interested applicant should Go to:
Click Here To Apply
For More Information visit official website CEDF Nigeria
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