Unveiled in Abuja at the weekend, the scheme builds on the achievements of Phase 1, which recorded thousands of applications across the country. Phase 2 expands both the scope and scale of the intervention, with a special focus on businesses seeking up to $100,000 in funding.
“The CEDF sits at the very heart of the Renewed Hope Agenda,” said Dr. Nneka Ikem Anibeze, Senior Adviser, Media & Publicity to the Minister. “It provides the financial backbone to transform our creative assets into engines of inclusive economic growth. This second phase will not just fund businesses but help institutionalize innovation, create jobs, and strengthen the value chain across all sub-sectors.”