Creative Economy Development Fund (CEDF) Phase 2
Creative Economy Development Fund (CEDF) Phase 2
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 major initiative approved by the Federal Executive Council (FEC).
The Creative Economy Development Fund (CEDF) is designed to foster growth, innovation, and sustainable financing for the Nigerian creative and cultural industries, in line with the government’s commitment to job creation, economic transformation, and the enhancement of Nigeria’s cultural footprint in the world. The Fund represents a national investment in the creative sector, recognizing its potential as a source of economic growth and cultural diplomacy.
Read More: NDE to Shortlist of 41,307 Beneficiaries for RHEI Phase II
Phase 2 is now open for applications in creative industries, offering grants, loans, and investments up to $100,000 to grow business growth and innovation. The CEDF its focused on large-scale innovation projects seeking $100,000 or more, with implementation of development and improvement projects, and funding expected to begin in January 2026.
Read More: FMYD & NIYEEDEP Program For Nigerians unemployment
The Creatives industries such includes the following:
- Video games
- Film, music
- Dance
- Entertainment
- Publishing
- Visual arts
- Culinary arts
- Tourism
- Traditional culture
Creative Economy Development Fund (CEDF) Phase 2 Summary
- Application Portal Open: 4th August, 2025
- Program Sponsored: Federal government
- Program Host: FMACTCE
- Targets: The targeted at SMEs and MSMEs with smaller ticket size investments.
- Benefits of CEDF Program: Grants and $100,000 for Equity Applicants
- Application Portal Close: September 1, 2025 (Extended to October, 2025)
Read More: Nigeria Jubilee Fellows Programme (NJFP)
CEDF Phase 2 Eligibility Criteria
Eligibility includes individuals, SMEs, MSMEs, and organizations in creative sectors including supporting industries such as media platforms, cultural tourism, and legal services.
Phase 2 Specific Requirements For Equity Category
1. Business Registration: Must be a registered business entity (at least 2 years)
2. Financial Statements: Provide audited financial statements for the past 2 years
3. Market Validation: Demonstrate customer base and market competition
4. Growth Plans: Describe expansion strategies with measurable outcomes
5. Team Skills: Management skills with relevant industry experience
6. Investment Benefits: Specific plans on how to leverage equity capital
Read More: Federal Government EmpowerHER Financial Literacy Training Program for Nigerians
Objectives of Creative Economy Development Fund (CEDF)
1. Fostering Growth in Creative and Cultural Industries:
Providing the capital injection needed for businesses in sectors such as film, music, fashion, art, literature, sports, cultural tourism, etc., to expand production and reach new markets.
2. Increasing Access to Finance:
Opening up new sources of financing for creative entrepreneurs and organizations, including those who previously had no access to traditional bank loans or investors.
3. Supporting Job Creation and Economic Sharing Encouraging:
Creative industries to thrive will lead to the creation of new jobs and livelihoods, especially for the youth, and diversifying the Nigerian economy beyond oil and other traditional sectors.
4. Using Intellectual Property (IP) as an Asset
Creating a transformative model for the preservation and integration of intellectual property. Creative talents will be able to use their IP (such as film rights, music works, or digital content) as assets that can be used to secure funding a first step towards unlocking the value of Nigerian creative assets.
Read Similar Articles:
Government Enterprise and Empowerment Programme (GEEP) for Nigerians
SMEDAN-Wema Capacity Building Program for Youths and MSMEs
Transforming Nigerian Youths (TNY) Programme
FIFA World Cup 26 volunteer programme- Application Form
NINATECH Smart Skills Development Program
YouthCred Program to Support Nigerian Youths
Creative Leap Acceleration Programme (CLAP) For Nigerians
Apply For Conditional Grant Scheme (CGS) For Micro Enterprises
Apply For Nigeria Youth Investment Fund (NYIF) Programme
National Business Skills Development Initiative (NBSDI) For MSMEs
How to Apply Creative Economy Development Fund (CEDF) For Equity
To Submit Your Application For Phase 2 Of The CEDF Equity Investment / Loan / Blended Finance, you need to follows the steps below:
1. To apply visit: www.CEDF.gov.ng
2. Click on “Apply For Equity” and proceed to Start Application
3. Fill out all the required fields and uploads documents.
4. Submit an application
Read More: YDPAT Program For Nigerians
How to Apply Creative Economy Development Fund (CEDF) For Grant
To Submit Your Application For Phase 2 Of The CEDF Grant Funding To Support Your Creative Project, you need to follows the steps below:
1. To apply visit: www.CEDF.gov.ng
2. Click on “Apply For Grant” and proceed to Start Application
3. Fill out all the required fields and documents.
4. Submit an application
Read More: TVET Program Begins Approval: Check your Application Status
Application Tips for Success
- Make sure all required fields are completed before proceeding
- Use the “Save Progress” button to save your work regularly
- Provide detailed financial projections and growth metrics
- You can go back to previous steps to make changes before final submission Include detailed business plans and market analysis
Read More: SMEDAN Business Registration Portal
CEDF Frequently Asked Questions (FAQs):
Q1: What is the Creative Economy Development Fund (CEDF)?
The CEDF is a government-backed initiative designed to foster growth, innovation, and sustainable financing for Nigeria’s creative and cultural industries.
Q2: What are the objectives of the CEDF?
The CEDF aims to stimulate industry growth, increase access to finance, support job creation, and leverage intellectual property as an asset to secure funding.
Q3: Who is eligible to apply for the CEDF Phase 2?
An Individuals, SMEs, MSMEs, and organizations in creative fields, including supporting industries like media platforms, cultural tourism, and legal services, are eligible to apply.
Read More: INEC Voters Card Registration Portal
Q4: What are the specific requirements for the Equity Category?
To apply for the Equity Category, you need to have a registered business entity (at least 2 years), provide audited financial statements, demonstrate customer base and market competition, describe expansion strategies, and show management skills with relevant industry experience.
Q5: How do I apply for the CEDF Phase 2?
To apply, visit (link unavailable), select the appropriate funding window (Grant, Debt, or Equity), complete the online application form, and upload required documents.
Q6: What documents are required for the application?
The Required documents include business registration proof, financial statements, market validation, growth plans, team skills, and investment benefits.
Q7: What types of funding are available through the CEDF?
The CEDF offers grants, loans, and equity investments up to $100,000 to support creative businesses and projects.
Q8: What are the benefits of the CEDF program?
The program provides access to finance, supports job creation, and enables creative talents to leverage their intellectual property as assets to secure funding.
Q9: What is the application deadline for the CEDF Phase 2?
The application deadline is September 1, 2025, which has been extended to October 2025.
Read More: Technical and Vocational Education and Training (TVET) Program For Nigerians
Q10: What are some tips for a successful application?
Ensure all required fields are completed, use the “Save Progress” button regularly, provide detailed financial projections and growth metrics, and include detailed business plans and market analysis.
