Creative Industry
CEDF Opens Phase 2 Loan Applications for Nigerian Creatives & Entrepreneurs
Joel Ajayi
The Federal Ministry of Art, Culture, Tourism, and the Creative Economy has officially launched Phase 2 of the Creative Economy Development Fund (CEDF).
This is a bold national initiative designed to accelerate Nigeria’s creative and cultural industries by providing access to finance, skills, and market opportunities.
Building on the success of Phase 1, which saw thousands of Nigerian creatives and entrepreneurs apply for support, Phase 2 expands both the scope and scale of the Fund. This phase is specifically targeted at businesses and enterprises seeking to unlock growth, scale innovation, and create sustainable jobs in Nigeria’s creative economy.
The CEDF sits at the heart of Nigeria’s Renewed Hope Agenda, providing the financial backbone for transforming the country’s creative assets into engines of inclusive economic growth. Phase 2 introduces a streamlined application process through the official portal . The platform now features an intuitive and simplified new interface, ensuring that applicants can easily navigate funding opportunities, submit proposals, and track their application status without unnecessary hurdles. Beyond funding access, the portal provides real-time updates, resource materials, and a transparent process to strengthen trust and accountability.
This Phase 2 Call prioritizes proposals from businesses seeking funding of up to $100,000. The Fund is open across multiple creative sub-sectors, reflecting the diversity of Nigeria’s creative economy, including Film, Television, and Animation, Gaming, XR, and Interactive Media, Music and Entertainment, Literature and Publishing, Visual Arts and Crafts, Fashion and Design, Culinary Arts and Gastronomy, Tourism, Heritage, and Cultural Experiences, ensuring that no subsector is left behind in Nigeria’s creative renaissance.
Phase 2 is designed to fuel innovation, create jobs, strengthen SMEs and MSMEs, drive exports, and institutionalize growth through digital tracking and reporting tools. The Fund aims to support businesses that leverage creativity and technology to deliver new cultural products and services, expand the employment base of the creative economy, provide financial lifelines to entrepreneurs, position Nigerian creative content and cultural goods as competitive exports, and embed mechanisms for monitoring, accountability, and sustainability.
The launch of Phase 2 of the CEDF marks a significant milestone in Nigeria’s creative economy development, and the Ministry encourages all eligible businesses and enterprises to apply for funding and support.
Apply through the official portal www.cedf.gov.ng.
Creative Industry
Nigeria and Switzerland Take First Steps Toward Artifact Repatriation and Cultural Cooperation
By Joel Ajayi
The Nigerian Ministry of Art, Culture, Tourism, and Creative Economy has initiated discussions with the Swiss government on the repatriation of Nigerian artifacts currently held in Swiss museums, including significant monoliths and bronze works. The talks also aim to establish broader cultural cooperation between the two nations.
During a courtesy visit to the Honourable Minister, Hannatu Musa Musawa Esq., in Abuja on Friday, the Swiss Ambassador to Nigeria, H.E. Patrick Felix Egloff, expressed Switzerland’s readiness to engage in bilateral agreements focused on cultural diplomacy and restitution.
“This is the first time a Swiss Ambassador is meeting with a Nigerian Minister of Art and Culture. We are very interested in developing institutional cooperation with the Ministry, and we believe the restitution of these artifacts presents a strong opportunity to strengthen our partnership,” Ambassador Egloff stated.
According to the Ambassador, the process of returning the artifacts began three years ago. He noted that Switzerland intends to return several bronze pieces through the Nigerian Embassy before the end of the year.
In her response, Minister Musawa expressed appreciation for the Swiss government’s efforts and highlighted the significance of reclaiming cultural artifacts as part of preserving Nigeria’s heritage.
“This meeting marks an important milestone in deepening our cultural ties,” she said. “It is crucial for Nigeria to recover these valuable artifacts, and we look forward to broader discussions on what the restitution process will look like.”
The Minister also emphasized the importance of exploring new avenues of cooperation in areas such as animation, design, architecture, hospitality, and tourism.
“We’re excited about the potential for collaboration beyond artifact repatriation,” she added. “Engaging with the Swiss Minister of Culture will be key as we explore joint initiatives across creative and cultural sectors.”
Both parties agreed to continue their dialogue and explore long-term opportunities for collaboration in arts and culture. The meeting builds on existing diplomatic efforts and reflects the shared commitment of both nations to enhancing cultural relations.
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