Federal Ministry of Art, Culture, Tourism, and the Creative Economy has launched Phase 2 of the Creative Economy Development Fund (CEDF), a bold national initiative to accelerate growth in Nigeria’s creative and cultural industries.
According to a statement by the Special Adviser on Media and Publicity to the Minister, Nneka Anibeze, the Fund is designed to provide creatives and entrepreneurs with access to finance, skills, and market opportunities while driving inclusive economic growth.
Building on the success of Phase 1, which recorded thousands of applications from Nigerian entrepreneurs, Phase 2 expands the scope of the programme. It targets businesses seeking to unlock growth, scale innovation, and create sustainable jobs across the creative economy.
The statement noted that Phase 2 introduces a streamlined application process through the official portal, www.cedf.gov.ng.
The upgraded platform features a simplified interface that allows applicants to easily navigate funding opportunities, submit proposals, and track their application status. It also provides real-time updates, resource materials, and enhanced transparency.
Applicants can now access loans of up to $100,000, with the Fund open to multiple subsectors including film, television, animation, gaming, music, publishing, visual arts, fashion, culinary arts, tourism, and cultural heritage.
The diversity, according to the Ministry, ensures that no subsector is left behind in Nigeria’s creative renaissance.
The Ministry emphasised that Phase 2 of the CEDF is designed to fuel innovation, strengthen small and medium enterprises, drive exports, and institutionalize growth through digital tracking tools.
RN
