FMACTCE Creative Economy Development Fund 2025 (Over $100,000 Funding)

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Applications are open for FMACTCE Creative Economy Development Fund 2025. The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) is pleased to announce the rollout of the Creative Economy Development Fund (CEDF), a landmark initiative approved by the Federal Executive Council (FEC).

The CEDF is designed to catalyze growth, innovation, and sustainable financing for Nigeria’s creative and cultural industries, in line with the government’s commitment to creating jobs, stimulating economic diversification, and boosting Nigeria’s global cultural footprint.

The Fund represents a significant national investment in the creative sector, recognizing its potential as a driver of economic growth and cultural diplomacy.

Creative Economy Development Fund Objectives

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
Increasing Access to Finance
- Opening up new financing avenues for creative entrepreneurs and organizations, including those who previously lacked access to traditional bank loans or investors.
Supporting Job Creation and Economic Diversification
- Empowering creative businesses to scale up will lead to the creation of new jobs and livelihoods, especially for youth, while diversifying Nigeria’s economy beyond oil and other traditional sectors.
Leveraging Intellectual Property (IP)as an Asset
- Establishing a transformative model for securitizing and collateralizing intellectual property. Creative talents will be able to leverage their IP (such as film rights, musical works, or digital content) as viable assets to secure financing – a pioneering move to unlock the value of Nigeria’s rich creative content.

Funding Information

Phase 1 of this Call will prioritize mature projects/businesses requiring significant funding (over $100,000) and with the necessary documentation in place.

Creative Economy Development Fund Eligibility Criteria

Individual Creators, Entrepreneurs, and Businesses operating in Nigeria’s creative and cultural industries.
Businesses operating within the tourism industry that are linked to the cultural and creative aspects of the value chain, including infrastructure.
Must demonstrate a viable project plan, legal rights to use any relevant IP, and alignment with the Fund’s mission to strengthen the creative sector.

Application Requirements

Primary documents: Project/business overview, financial plan (budget/revenue projections), legal/ownership details, and proof of IP ownership (if applicable).
Debt Window: Evidence of repayment capacity or collateral (which can include IP).
Equity Window: Pitch deck, growth strategy, corporate registration documents.
Grant Window: Detailed proposal outlining cultural/social impact, sustainability, project timeline, and budget breakdown.