The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) has officially launched the Creative Economy Development Fund (CEDF), with applications now open and closing on May 30, 2025.
This groundbreaking fund—approved by the Federal Executive Council (FEC)—is designed to unlock the full potential of Nigeria’s booming creative sector. From music, film, and fashion to art, publishing, gaming, and cultural tourism, the initiative targets key industries poised to elevate Nigeria’s global influence and stimulate large-scale economic growth.
The Creative Economy Development Fund aims to empower creators, startups, and businesses with access to financing and growth opportunities that were previously out of reach—especially for those without access to traditional bank loans or investors. It’s a bold step to shift Nigeria’s economic dependency from oil to innovation and artistry.
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FMACTCE emphasizes that this fund is more than just a grant; it’s a national investment in intellectual property, job creation, and cultural identity. For the first time, Nigerian creatives can leverage their works—scripts, digital art, music rights—as financial assets to secure funding and scale their impact.
As the countdown begins, creators across Nigeria are urged to prepare and submit their applications ahead of the May 30, 2025 deadline. Don’t miss this golden opportunity to turn your creative passion into a sustainable, thriving business with government-backed support.
