How to apply as FG launches $100,000 funding for creative minds

• FG has launched the Creative Economy Development Fund to enactment creatives, entrepreneurs, and taste organisations, with applications unfastened until May 30
• The money offers assorted financing options, including affordable loans, equity investments, and grants to standard originative businesses crossed aggregate sectors
• The program’s archetypal signifier volition statesman successful January 2026, with a 2nd signifier targeting MSMEs and SMEs starting successful April 2026

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The national authorities has launched the Creative Economy Development Fund (CEDF), an inaugural to enactment creatives, entrepreneurs, and taste organisations successful Nigeria.

The Nigerian authorities nether President Bola Tinubu launches the Creative Economy Development Fund (CEDF). Photo Credit: Contributor
Source: Getty Images

The Ministry of Arts, Culture, Tourism, and Creative Economy announced the strategy successful a connection connected Sunday, according to NAN.

According to the ministry, the money is intended to standard projects with coagulated fiscal records and well-defined plans for growth. It besides noted that the archetypal circular of applications, which began connected April 28, 2025, and is scheduled to extremity connected May 30, targets established companies that necessitate much than $100,000.

According to the statement, those moving successful Nigeria's originative and taste industries, including fashion designers, filmmakers, musicians, artists, circuit operators, and crippled developers, are invited to apply.

“This is not conscionable a fiscal intervention. It is simply a telephone to enactment for creatives, entrepreneurs, and manufacture enablers to standard their dreams and lend to a thriving, inclusive originative economy,” Musawa was quoted arsenic saying.

FG's CEDF inaugural and exertion for loan

The ministry claims that the CEDF helps companies successful the originative manufacture by giving them the wealth they request to standard their production, summation their entree to markets, and make resilience.

It besides anticipates that creators volition beryllium capable to usage intelligence spot arsenic a fiscal asset, releasing the worth of integer content, music catalogues, movie rights, and different originative works.

“CEDF offers assorted backing options for originative businesses, including affordable loans and recognition facilities for businesses crossed sectors specified arsenic film, music, fashion, art, publishing, gaming, and taste tourism,” the ministry said. “Equity and quasi-equity investments successful high-growth originative enterprises, assistance backing for socially impactful and innovative taste projects, and absorption connected leveraging intelligence spot (IP) arsenic a bankable plus people for securing financing.”

According to the ministry, those who are funny successful applying should spell to CEDFnigeria.com, capable retired the authoritative application, taxable task plans, and proviso the indispensable fiscal documentation.

“Applicants indispensable past hold for the valuation process and, if selected, person enactment opening January 2026 (phase one) oregon April 2026 (phase two). "Application review, task onboarding, incubation, and acceleration for signifier 1 volition instrumentality spot from June to December 2025, with the disbursement of funds starting connected January 1, 2026,” it added.

President Bola Tinubu's authorities launches the Creative Economy Development Fund (CEDF). Photo Credit: Contributor
Source: Getty Images

“For signifier two, disbursements volition commencement connected April 1, 2026. "The 2nd signifier volition unfastened connected August 4, focusing connected micro, small, and mean enterprises (MSMEs) and tiny and mean enterprises (SMEs) requesting nether $100,000.”

A backstage sector-led concern committee would supervise the autarkic specialists who volition transportation retired the CEDF appraisal procedure, the ministry added.

FG distributes N2.25bn to enactment tiny businesses

Legit.ng earlier reported that Dr. Olasupo Olusi, managing manager and main enforcement serviceman of the Bank of Industry (BoI), affirmed that the national government disbursed N2.25 cardinal to enactment 16,696 Micro, Small, and Medium Enterprises (MSMEs) successful Gombe.

The intent of the gathering was to pass the Gombe concern assemblage astir the Federal Government Loan Scheme for MSMEs and manufacturing businesses, which is worthy N200 billion.

Nearly 900,000 beneficiaries successful Nigeria's six geopolitical zones person received implicit N107 cardinal from the Federal Government done the BoI, according to Olusi.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng