Creatives Seek $326M FG Support to Boost Sector
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 […]