Creative Industry
Katsina State History & Culture Bureau CEO Pays Courtesy Visit to NTDA
The Director overseeing the office of the Director General of the Nigerian Tourism Development Authority (NTDA), Mr. Richard Ovie Esewhaye, today received Dr. Kabir Ali Masanawa, the newly appointed Executive Director/CEO of the Katsina State History and Culture Bureau and head of ExploreKatsina.ng, on a courtesy visit aimed at strengthening collaboration in promoting Katsina State’s tourism assets.
Dr. Masanawa expressed his gratitude to the Director overseeing office of the DG for the warm reception and used the opportunity to formally announce his recent appointment as CEO of the Katsina State History and Culture Bureau. He emphasized the need for a deeper working partnership between the Bureau and NTDA in showcasing the rich cultural heritage and tourism potential of Katsina State to the world.
“I am here to reaffirm our commitment to partnering with the NTDA and to explore deeper collaborations that will place Katsina firmly on the tourism map,” Dr. Masanawa said.
In his response, the Director overseeing office of the DG, Mr. Richard Ovie Esewhaye, commended the Governor of Katsina State, Dr. Dikko Umar Radda for appointing Dr. Masanawa as the Executive Director of Katsin History and Culture Bureau, describing the appointment as “a round peg in a round hole.”
“We are happy for your appointment; it is a well-deserved one,” Mr. Esewhaye said. “You have consistently demonstrated passion for tourism, especially through your leadership in the bikers’ association, which has spotlighted destinations across the nation.”
Mr. Esewhaye reiterated NTDA’s commitment to working closely with the Katsina State History and Culture Bureau to promote tourism not only in Katsina but across Nigeria.
The visit ended with both parties expressing optimism for a fruitful and enduring partnership in advancing tourism development in the country.
Creative Industry
Loan Opportunity for Creatives: Federal Govt Rolls Out Creative Economy Development Fund CEDF To Boost Industry
The Federal Ministry of Art, Culture, Tourism, and Creative Economy invites eligible creatives, entrepreneurs, and organisations to apply for funding through the Creative Economy Development Fund.
The CEDF is a bold step towards realizing President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at fostering job creation, economic diversification, and enhancing Nigeria’s global cultural influence.
Flagging off the CEDF, the Honorable Minister of Arts, Culture, Tourism, and Creative Economy, Barrister Hannatu Musa Musawa said that the Fund is a strategic national investment designed to unlock the vast potential of Nigeria’s creative sector, positioning it as a driver of economic growth and cultural diplomacy.
“This is not just a financial intervention. It is a call to action for creatives, entrepreneurs, and industry enablers to scale their dreams and contribute to a thriving, inclusive creative economy,” the Minister said.
The fund provides tailored financial support through debt, equity, and grant funding to boost promote innovation, and increase global visibility for Nigeria’s creative assets, cultural projects, and tourism-linked enterprises.
CEDF supports creative businesses by providing capital to scale production, expand market access, and build resilience. It also allows creators to leverage intellectual property as a financial asset, unlocking the value of film rights, music catalogues, digital content, and other creative works.
The initiative offers various funding options for creative businesses, including; Affordable loans and credit facilities for businesses across sectors such as film, music, fashion, art, publishing, gaming, and cultural tourism. Equity and quasi-equity investments in high-growth creative enterprises, Grant funding for socially impactful and innovative cultural projects and focus on leveraging intellectual property (IP) as a bankable asset class for securing financing.
The application process will be rolled out in phases, with the first call for proposals open till May 30, 2025, prioritizing mature projects seeking over $100,000.
The second phase will open on August 4, 2025, focusing on Micro Small and Medium Enterprises MSMEs and Small and Medium Enterprises SMEs requesting under $100,000.
Application review, project onboarding, incubation, and acceleration for Phase One will take place from June to December 2025, with the disbursement of funds starting on January 1, 2026. For Phase Two, disbursements will start on April 1, 2026.
The fund is open to individuals, businesses, and institutions operating across the creative and cultural economy, including writers, directors, artists, fashion designers, gaming studios, cultural tourism providers, training institutions, promoters, legal consultants, media agencies, digital platforms, and logistics companies.
Applications will be assessed by independent professionals with oversight from a private sector investment committee. The Creative Economy Development Fund is structured as an independent, professionally managed investment fund, with the Ministry of Finance Incorporated serving as the anchor shareholder. Interested investors and development partners are encouraged to reach out regarding co-investment opportunities or participation in specific sub-funds.
For updates and additional information contact CEDFnigeria.com
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