9 Things To Know About The FEC Approved CEDF Fund

In this post, we will be talking about 9 Things To Know About The Federal executive council FEC Approved CEDF fund. So keep reading!

1. The Creative Economy Development Fund is a groundbreaking initiative aimed at boosting Nigeria's creative sector by providing tailored financial support to artists, innovators, and content creators. The fund will open doors to new opportunities, allowing the sector to thrive

2. No more hurdles to funding! The CEDF offers financial support through various instruments, such as debt, equity, and quasi-equity options.

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3. This means flexible funding to kickstart or expand projects across the creative industry, whether in film, music, fashion, or other art forms.

4. The CEDF offers democratized access to finance, lowering barriers for emerging creatives. This means innovative financial solutions not dependent on traditional collateral, opening up funding to more people regardless of their backgrounds or connections.

5. The IP Monetization Pilot will introduce new avenues for creatives to earn from their works, from music royalties to licensing films or fashion designs.

6. This will help build a more sustainable creative economy and encourage innovation.

7. By facilitating IP collateralization and offering innovative financing models, the CED aims to formalize the sector, making it more attractive to investors. This boost will create more job opportunities and encourage cultural 3 entrepreneurship.

8. With the CEDF, the future looks bright for Nigerian creatives. This initiative willempower more individuals to earn a quality living from their creative talents, helping them achieve global recognition while contributing to Nigeria's economic growth.

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9. The approval and implementation of the CEDF align with points 3, 4, 5, 6, and 7 of the Ministerial 8 Point Pian, which aims to achieve deliverable 7 of the Presidential Priority Area.

The goals of the Federal Ministry of Art, culture, and the creative economy aligns with the Federal Government's priority area 7 which states: "To accelerate diversification through industrialization, digitization, creative arts, manufacturing and innovation" Nigeria is committed to boosting growth through industrialization, digitization, creative arts, and innovation. By focusing on these areas, we aim to reduce reliance on oil, create more jobs, and drive sustainable economic 7 development. Let's build a resilient future together!