Over $326M Requested as FG Opens Creative Fund
In just 30 days since applications opened, 1,230 businesses and creatives have applied for funding under Nigeria’s new Creative Economy Development Fund (CEDF) , requesting a total of $326 million .
The fund, launched by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) , aims to support innovation, job creation, and economic diversification across Nigeria’s creative sector.
Applicants include both creative and non-creative businesses , showing strong interest in the program.
Of those who applied:
- 71% requested grants
- 11% chose debt financing
- 7% opted for equity investment
This early surge highlights the high demand for structured financial support among Nigeria’s creative entrepreneurs.
Government Launches First Phase of CEDF
The Federal Executive Council (FEC) recently approved the first phase of the Creative Economy Development Fund , marking a major step toward formalizing government support for Nigeria’s booming but often neglected creative industries.
The fund targets key areas such as music, film, fashion, digital content, and cultural tourism—sectors that have long struggled with limited access to capital and institutional backing.
By offering a mix of grants, loans, and equity investments , the CEDF hopes to create a more sustainable ecosystem for creatives to grow their businesses and contribute meaningfully to the national economy.
Call to Action: Share Your Thoughts!
What do you think about the FG’s new Creative Economy Development Fund? Will it truly help Nigerian creatives scale—or is more needed?
💬 Leave a comment below and join the conversation on how Nigeria can better support its growing creative industry.
📢 Help spread awareness by sharing this article with fellow creatives, entrepreneurs, and policymakers invested in Nigeria’s future.
About the author
Conseil des ministres au Burkina Faso : session présidée par Ibrahim Traoré à Ouagadougou
Le Conseil des ministres du Burkina Faso s’est réuni à Ouagadougou le jeudi 12 mars 2026 pour une séance ordinaire présidée par Ibrahim Traoré, Président du Faso et Président du Conseil des ministres. La réunion s’est tenue de 09 h 00 à 11 h 01 et a permis d’examiner plusieurs dossiers inscrits à l’ordre du jour. Principaux points abordés Au cours de cette séance, le Conseil des ministres a : délibéré sur plusieurs dossiers relatifs à la gestion des affaires de l’État ; entendu une communication orale portant sur des questions d’intérêt national ; procédé à des nominations dans l’administration publique ; autorisé certaines missions officielles à l’étranger. Cette session s’inscrit dans le cadre des réunions ordinaires du gouvernement visant à assurer la conduite des politiques publiques, la coordination de l’action gouvernementale et le suivi des décisions de l’exécutif. Le […]
Daniella Mawusi Ntow Sarpong Thanks Mahama for Appointment as Fire Service Chief
Daniella Mawusi Ntow Sarpong, the Chief Fire Officer and Director-General of the Ghana National Fire Service, has expressed deep appreciation to John Dramani Mahama for appointing her to lead the service. Speaking in an interview on Dwaso Nsem on Adom FM, Madam Ntow Sarpong also extended her gratitude to Vice President Jane Naana Opoku-Agyemang and the governing National Democratic Congress for the confidence placed in her leadership. “I want to use this opportunity to thank President Mahama, Vice President Prof. Jane Naana, and the entire NDC government for the confidence reposed in me and for honouring me with this leadership role,” she said. Commitment to Serve The Fire Chief pledged to meet the expectations attached to the position, assuring both government and the public of her dedication to the role. “I pledge to fulfil my mandate and discharge my duties […]
No Ghanaian Casualties in Middle East Tensions – Samuel Okudzeto Ablakwa
Samuel Okudzeto Ablakwa has confirmed that no Ghanaian has been killed or injured following the recent escalation of tensions in the Middle East, as government steps up efforts to protect its citizens in the region. In a Facebook update on Tuesday, March 3, the Minister revealed that he convened a virtual meeting with Ghana’s Ambassadors and Consuls General across the Middle East to assess the situation and coordinate further consular interventions. “This evening, I convened a virtual meeting with our Ambassadors and Consuls General in the Middle East to assess the latest developments and explore further consular interventions towards the protection of Ghanaians,” he stated. Diplomatic Coordination Across the Region Heads of Mission from Israel, Saudi Arabia, Qatar, Kuwait, the United Arab Emirates, Iran and Turkey participated in the discussions. “I am glad to report that so far no Ghanaian […]
IET-GH Marks World Engineering Day, Highlights Engineers’ Role in Ghana’s Development
The Institution of Engineering and Technology Ghana has joined the global engineering community in marking World Engineering Day for Sustainable Development, observed annually on March 4 and endorsed by UNESCO. In a statement issued to commemorate the day, the Institution highlighted the central role engineers play in Ghana’s development. It noted that engineering remains vital to infrastructure delivery, environmental protection, industrial growth, and technological progress. Engineering at the Heart of National Development According to IET-GH, Ghanaian engineers are providing practical solutions to major national challenges, including climate change, sanitation, energy transition, resilient infrastructure, and sustainable urban development. The Institution reaffirmed its commitment to ethical standards, innovation, and professional excellence, stressing that the country’s long-term growth will depend heavily on the expertise, creativity, and integrity of its engineers. It also encouraged young people to consider careers in engineering, describing the profession […]
Ga Traditional Council Summons KOKA Over Comments About COCOBOD CEO
The Ga Traditional Council has summoned entertainment critic Kwaku Osei Korankye Asiedu, popularly known as KOKA, over comments he allegedly made on social media concerning the Chief Executive Officer of the Ghana Cocoa Board, Dr. Randey Abbey. In a formal letter, the Council directed KOKA to appear before Ga chiefs and priests at the Ga Mantse Palace on Thursday, March 5, 2026. The traditional authorities stressed the importance of his presence, urging him to treat the invitation with urgency and seriousness. “Your presence is respectfully requested to address the matter and offer any necessary explanations. Kindly treat this invitation with the seriousness it deserves,” the letter stated. The correspondence was signed by the Secretary of the Court of Priests of Ga, acting on behalf of the Chief Priest of the Ga Traditional Area.
Ghana to Declare 21 Marine Protected Areas Starting at Greater Cape Three Points
Ghana is preparing to declare 21 coastal communities as Marine Protected Areas in a major step toward restoring marine biodiversity and strengthening fisheries management. The first declaration is expected to take place at Greater Cape Three Points in the Western Region. Once designated, fishing activities within the protected zones will be restricted to allow depleted fish stocks to recover. Part of the Global 30×30 Target The move forms part of Ghana’s commitment to the global 30×30 target, which calls for the protection of at least 30 percent of the world’s land and ocean areas by 2030. The goal falls under Target 3 of the Global Biodiversity Framework and has been adopted by more than 190 countries. Despite the widespread commitment, progress remains slow. Since 2022, global reviews show that only about 2.9 percent of the ocean is fully or highly […]
Related
Asake reaffirms loyalty to Olamide downplays split rumours
Afrobeats star Asake has reaffirmed his loyalty to rapper Olamide and dismissed talks of a rift between them despite recent online speculation . In an interview with YouTuber Korty EO, Asake described Olamide, also known as Baddo, as someone he will always hold in the same high regard regardless of how far his own career goes . He said that even if he becomes president of America or Zimbabwe, the way he sees Baddo will never change, stressing that Olamide will always be Baddo in his eyes . Rumours of a split surfaced after Asake removed YBNL from his Instagram bio and unfollowed Olamide in December 2024, prompting fans to suggest there had been a fallout . Industry sources say Asake’s contract with YBNL may have quietly expired, with the singer now operating independently rather than renewing the deal . […]
Gospel singer Judikay recounts emotional loss of sixth pregnancy
Gospel singer Judikay has opened up about the emotional pain of losing her sixth pregnancy, describing the experience as deeply distressing and difficult to process . In a video shared on Instagram, she revealed that the miscarriage happened in February 2025 when she was more than three months pregnant . She said the ordeal began with mild cramps, which she initially dismissed as normal discomfort until she noticed light bleeding, or spotting, that raised concern . Further medical checks later confirmed that she had suffered a missed miscarriage, a diagnosis that left her devastated . Judikay recalled rushing to the washroom and realising that what she expected to be urine was in fact blood that would not stop flowing, making it clear to her that she had lost the baby . She explained that this was the sixth time she […]
Adeboye’s wife says she threw her gold jewellery into lagoon after becoming born again
Foluke Adeboye, wife of Redeemed Christian Church of God General Overseer Pastor Enoch Adeboye, says she threw her gold jewellery into a lagoon after she became a born again Christian . She said in an interview that she once loved fashion and owned valuable pieces but decided to give them up when she joined the RCCG, where wearing earrings was discouraged at the time . Foluke explained that the jewellery she discarded included items she had even set aside for her child, but she felt they no longer aligned with her new convictions about modesty and Christian living . She recalled that a friend of her mother questioned the decision and suggested she could have given the gold to her mother to sell instead . Foluke said she refused because she believed that anything she considered no longer good for […]
Asake says God used 2020 setbacks to humble and prepare him for success
Singer Asake says the difficulties he faced in 2020 were a turning point that humbled him and prepared him for later success . In an interview with content creator Korty EO, he recalled feeling as if God first gave him something sweet and then took it away, leaving him confused at the time . Asake explained that he only later realised that God was using that season to build and shape him, even though he did not understand it while it was happening . He said God then gave him the song with the line “Me I no dey cap, me I no dey form,” which became a breakthrough moment for his career . The artist also spoke about his long standing desire to move abroad, especially to Los Angeles in the United States . He revealed that, even before […]
Sultan declares Friday Eid il Fitr after non sighting of Shawwal moon
The Sultan of Sokoto and President General of the Nigerian Supreme Council for Islamic Affairs, Alhaji Muhammad Sa’ad Abubakar, has declared tomorrow as Eid il Fitr . The announcement followed the non sighting of the Shawwal moon across Nigeria on Wednesday night . According to the Sultan’s media team, the declaration was contained in a statement issued by Prof Sambo Wali Junaidu, Wazirin Sokoto and Chairman of the Sultanate Council Advisory Committee on Religious Affairs, in conjunction with the National Moon Sighting Committee . The statement confirmed that no verified reports of the Shawwal crescent were received from moon sighting committees nationwide, meaning Muslims must complete 30 days of fasting for Ramadan 1447AH . It explained that, in line with Qur’an and Hadith, when the new moon is not seen on the 29th day of a lunar month, Muslims are […]
Cardoso says Nigerian economy now stronger against global shocks
Nigeria’s economy is now stronger and better positioned to withstand global economic shocks, according to Central Bank of Nigeria Governor Olayemi Cardoso . Speaking at the Africa Capital Forum in London on the sidelines of President Bola Ahmed Tinubu’s state visit to the United Kingdom, Cardoso said the financial system is being strengthened through disciplined monetary policies and institutional reforms . He explained that the CBN is reviewing its policy framework to make decisions more predictable and reduce uncertainty for investors, with the goal of developing clear, consistent and meaningful policies rather than relying on discretion . Cardoso disclosed that the apex bank has completed work on a new Payments System Vision for Nigeria, which will soon be launched to position the country as a major player in digital payments and cross border transactions across Africa . On the foreign […]