The Nigerian government has extended the application deadline for the Creative Economy Development Fund (CEDF) to June 30, 2025. This fund is part of a broader national strategy to expand Nigeria's creative economy, expected to contribute over $100 billion to GDP and create two million jobs by 2030.
*Eligibility Criteria:*
- Legally registered businesses run by Nigerian youth within the creative space
- Operating in Nigeria with active participation in the creative economy
- Includes sectors like:
- *Filmmaking and TV Production*: Filmmakers and TV producers
- *Fashion*: Fashion designers and stylists
- *Music*: Musicians, producers, and songwriters
- *Gaming and Animation*: Game developers and animation creators
- *Digital Content Creation*: Digital content creators, including YouTubers
- *Cultural Tourism*: Cultural tourism businesses
*Types of Funding:*
- *Grants*: For early-stage ideas with strong community impact
- *Loans*: For businesses looking to expand, rebrand, or scale operations
- *Equity Financing*: For startups ready to work with private investors
*Application Requirements:*
- Clear articulation of intellectual property value
- Data on audience engagement or sales
- Convincing growth plan, including job creation and market expansion
- Supporting documents like business registration, tax filings, past work, and industry awards
*How to Apply:*
- Submit applications through official platforms designated by the Nigerian government, such as ¹:
www cedf.gov.ng
- Apply early to avoid last-minute technical issues ²