FG launches phase 2 of the creative economy development fund
According to the statement, Phase 2 is intended to fuel innovation, create jobs, support SMEs and MSMEs, drive exports, and establish institutional growth via digital tracking and reporting tools.
The Federal Ministry of Art, Culture, Tourism, and the Creative Economy has officially launched Phase 2 of the Creative Economy Development Fund (CEDF), offering funding opportunities of up to $100,000 to strengthen the nation’s creative industries.
In a statement released on Sunday, media aide Dr. Nneka Ikem-Anibeze said the new phase expands on the success of Phase 1—during which thousands of creatives applied. The initiative, she added, targets businesses aiming to unlock growth, scale innovation, and generate sustainable employment across Nigeria’s cultural sectors.
Phase 2 introduces a streamlined application process through the official CEDF portal, now featuring an intuitive, simplified interface. The revamped platform enables applicants to easily navigate funding opportunities, submit proposals, track their application status, access up-to-date resources, and benefit from a more transparent system.
The fund is open to businesses across a wide range of creative sub-sectors, including:
Film, television, and animation
Gaming, XR, and interactive media
Music and entertainment
Literature and publishing
Visual arts and crafts
Fashion and design
Culinary arts and gastronomy
Tourism, heritage, and cultural experiences
According to the statement, Phase 2 is intended to fuel innovation, create jobs, support SMEs and MSMEs, drive exports, and establish institutional growth via digital tracking and reporting tools. The fund also aims to enable businesses to leverage creativity and technology in delivering new cultural products and services, expand employment within the creative economy, provide financial lifelines to entrepreneurs, and position Nigerian cultural goods as competitive exports.
Applications for the second phase are now open through the official CEDF portal. Businesses interested in participating are encouraged to apply early to take advantage of the funding opportunity.
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The Nation Nigeria, August 24, 2025. “FG launches phase 2 of creative economy development fund“
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