100,000 Dollars Grants Up for Grabs as FG Opens Phase 2 of CEDF for Nigerians
- The Nigerian government has opened applications for phase 2 of the Creative Economy Development Fund (CEDF)
- The fund aims to empower Nigerians in the creative industry and grow Nigeria’s economy via job creation
- Applicants are required to visit the CEDF’s official website and have until the end of August to submit their application
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian government has begun phase 2 of the Creative Economy Development Fund (CEDF) to offer large-scale investment of up to $100,000 for creative persons and businesses.
The fund is a critical national investment scheme to boost the creative sector and recognises its potential as a driver of economic growth and cultural diplomacy.
Source: UGC
Benefits of the fund
According to reports, the Federal Ministry of Arts, Culture, Tourism, and Creative Economy announced the rollout of the CEDF, a landmark scheme to empower businesses and individuals in the creative space.
Reports by MSME Africa show that the fund is designed to boost growth, innovation, and sustainable financing for Nigeria’s economy and cultural industries, which aligns with the government’s commitment to job creation, economic stimulation, diversification, and boosting Nigeria’s global reach.
Who can apply?
Data obtained by Legit.ng from the CEDF official website shows that phase 2 is open for individuals, businesses, and institutions across the creative and cultural economy ecosystems.
- Artists and fashion designers
- Filmmakers and directors
- Gaming studios
- Cultural tourism providers
- Training institutions
- Media agencies
- Digital platforms
- Legal and logistics service providers
- Benefits of Creative Economy Development Fund CEDF 2025
- Writers and publishers
About the fund
According to the report, the CEDF aims to empower creatives, entrepreneurs, and organisations within the cultural and creative sectors.
It is also a strategic national investment designed to unlock Nigeria’s vast potential in the creative space and grow it as a means for economic growth and cultural diplomacy.
- 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.
- Opening up new financing avenues for creative entrepreneurs and organisations..
- Empowering creative businesses for the creation of new jobs and livelihoods, especially for youths.
- Establishing a transformative model for securitising and collateralising intellectual property.
How to apply & deadline
Interested Nigerians in fashion design, filmmakers and directors,
gaming studios, cultural tourism providers, and training institutions have until the end of August to apply by visiting the CEDF website.
The federal government launched the first phase in June 2025 and empowered several businesses with N160 million.
The application for phase one closed on May 30, 2025, while the second phase, targeting SMEs and startups, will launch on August 4, 2025.
The fund targets writers and publishers, artists, fashion designers, filmmakers and directors, gaming studios, cultural tourism providers, media and digital platforms, local logistics, and training providers.
Source: Getty Images
FG rolls out ₦250,000 free grants for MSMEs
Legit.ng earlier reported that Nigeria’s Vice President, Kashim Shettima, has unveiled the Federal Government’s state-of-the-art information, communication and technology centre for Micro, Small and Medium Enterprises (MESME) in Cross River state.
This is part of the current administration’s drive to empower entrepreneurs with tools and skills for work.
The unveiling also coincided with the 8th Expanded National MSME Clinics, which brought together federal government agencies, such as CAC, NAFDAC, BOI, and SMEDAN, to tackle business owners’ challenges on-site.
Source: Legit.ng
