August 7, 2025 – In the latest update, the Central Economic Development Fund (CEDF) announced a change in the launch date for its highly anticipated Phase 2 rollout. Originally set for 6 August 2025, the new launch date is now confirmed for 14 August 2025.
“We’re making CEDF better and that means a short wait,” the organizers shared in a statement.
The delay is part of a broader strategy to expand the fund’s reach and flexibility. The revised Second Phase will feature a wider range of ticket sizes and financing tailored to key sectors, including creative industries like film.
“We’re expanding the fund to include smaller ticket sizes and tailored financing for priority sectors,” they added.
This change is expected to improve access to capital for more businesses and startups in Nigeria.
With the new structure, CEDF aims to support inclusive economic growth by offering flexible funding that meets diverse sector needs.