FG Opens Application Portal For Small Business Owners To Get $100k (See How To Apply)

The Nigerian government has launched phase one of the Creative Economy Development Fund (CEDF) to provide sustainable financing for the country’s growing creative and cultural sectors.

The fund, which was recently approved by the Federal Executive Council (FEC), was officially announced by the Ministry of Arts, Culture, Tourism, and Creative Economy.

The fund aims to empower several sectors, positioning Nigeria as a global player and leader in creative industries.

Application for phase one of the fund will close on May 30, 2025, while the second phase, targeting SMEs and startups, will launch on August 4, 2025.

The fund targets writers and publishers, artists, fashion designers, filmmakers and directors, gaming studios, cultural tourism providers, media and digital platforms, local logistics, and training providers.

How to apply for the fund

Eligible and interested applicants should visit the fund’s platform, click on apply, fill out the form and provide their details.

https://docs.google.com/forms/u/0/d/e/1FAIpQLSeG13c9ccb_AHeXygSIy7j50wHWGDFX-Tca15y_dpG2qRmShg/viewform?pli=1

Applicants must provide their company’s name, address and proof of business registration.

They are also asked to provide the main and supplementary contact details, area of operation, current stage of business, and the type of funding.

According to reports, only applications from $100,000 and above will be accepted in the first phase.

Other documents required are the presentation of a five-year business plan.