See the step-by-step process for getting FG's $100,000 Creative Economy Development Fund

• The Nigerian authorities launched the signifier of the Creative Economy Development Fund to supply financing for the originative industry
• The money received the backing of the FEC and was announced by the Minister of Arts, Culture, Tourism, and Creative Economy
• Application for the archetypal signifier closes connected May 30, 2025, portion the 2nd phase, targeting SMEs and startups, volition motorboat connected August 4, 2025

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Nigerian authorities has launched signifier one of the Creative Economy Development Fund (CEDF) to supply sustainable financing for the country’s increasing originative and taste sectors.

The fund, which was precocious approved by the Federal Executive Council (FEC), was officially announced by the Ministry of Arts, Culture, Tourism, and Creative Economy.

FG lists steps to getting its $100,000 originative system fund. Credit: Vladimir Vladimirov
Source: Getty Images

FG explains the fund’s people audience

The money aims to empower respective sectors, positioning Nigeria arsenic a planetary subordinate and person successful originative industries.

Application for signifier 1 of the money volition adjacent connected May 30, 2025, portion the 2nd phase, targeting SMEs and startups, volition motorboat connected August 4, 2025.

The money targets writers and publishers, artists, manner designers, filmmakers and directors, gaming studios, taste tourism providers, media and integer platforms, section logistics, and grooming providers.

How to use for the fund

Eligible and funny applicants should sojourn the fund’s platform, click connected apply, capable retired the signifier and supply their details.

Applicants indispensable supply their company’s name, code and impervious of concern registration.

They are besides asked to supply the main and supplementary interaction details, country of operation, existent signifier of business, and the benignant of funding.

According to reports, lone applications from $100,000 and supra volition beryllium accepted successful the archetypal phase.

The intent of the fund

Other documents required are the presumption of a five-year concern plan

The money seeks to stimulate innovation and maturation crossed Nigeria’s originative sectors, aiming to supply the needed backing for businesses to turn and entree caller markets.

It is besides designed to make jobs, particularly for youth, arsenic it opens up sustainable financing avenues for originative entrepreneurs.

3MTT gets Airtel’s funding

The improvement came aft the Federal Government of Nigeria received a N1 cardinal grant from Airtel Africa Foundation.

The assistance is meant to boost the 3 Million Technical Talent inaugural (3MTT), an inaugural of the authorities to physique strategical endowment for the tech sector. 

Nigeria's Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, received the cheque from the president of Airtel Africa Foundation, Dr. Segun Ogunsanya, successful Abuja.

FG moves to adjacent tech gaps successful Nigeria

Tijani noted that the task is being championed by the ministry to span the integer disagreement by creating a excavation of strategical tech talents to catapult Nigeria into a cardinal presumption successful the world's exertion landscape. 

Minister Bosun Tijani explained successful item however the funds volition beryllium disbursed to bid and empower tech talents successful the 3MTT programme. 

President Bola Tinubu's authorities moves to empower tiny businesses with $100,000. Credit: State House
Source: Getty Images

He noted that 25,000 Nigerian youths volition beryllium nonstop beneficiaries arsenic they volition beryllium trained and empowered with in-demand tech skills, the Guardian reports.

FG announces 7th variation of MSME award

Legit.ng earlier reported that connected Monday, March 3, the Federal Government of Nigeria announced the motorboat of the seventh edition of the Micro, Small and Medium Enterprises (MSMEs) Award, slated to clasp this year.

Tola Adekunle-Johnson, Senior Special Assistant to the President connected Job Creation and MSMEs said the exertion portal for this twelvemonth would beryllium opened connected March 7 and volition tally done April 7, 2025.

Speaking astatine a property briefing, Adekunle-Johnson said retired of N700 cardinal worthy of prizes to beryllium won, the wide victor of the 2025 MSMEs Award volition person a car, a house, a shop, and a currency prize – each worthy N220 million.

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Source: Legit.ng