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FG Rolls Out Loan Initiative For Creatives, Entrepreneurs

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The Federal Ministry of Art, Culture, Tourism, and Creative Economy has announced the introduction of the Creative Economy Development Fund which is tailored to roll out loan opportunities for creatives.

In a statement by Nneka Anibueze, Special Adviser to the minister of Arts, Culture and Creative Economy, Hannatu Musawa on Monday, the ministry invited eligible creatives, entrepreneurs, and organisations to apply for funding through the Creative Economy Development Fund.

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“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,” the statement said.

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.

READ ALSO: FG Declares A Day Public Holiday

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“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.

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The initiative, according to the statement, 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 as a bankable asset aclass for securing financing.

READ ALSO: UTME: FG Sponsors 37 Blind Candidates For Examination In Bauchi

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.

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“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.

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“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.”

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Idahosa Optimistic Shaibu Will Perform As National Sports Institute DG

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The Edo State deputy governor, Hon. Dennis Idahosa, has expressed optimism that his predecessor in office, Hon. Philip Shaibu will excel in his new role as Director General of the National Institute for Sports (NIS).

The deputy governor expressed his optimism during the Thanksgiving Mass to celebrate the appointment at St. Paul Catholic Church in Benin on Sunday.

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Idahosa, who appreciated President Bola Tinubu for the appointment, said Shaibu will bring to bear on the new job his experience as an astute sports administrator.

READ ALSO: Okpebholo Prioritises Security, Workers Welfare, Says Idahosa

We are indeed grateful for what God has done. We will continue to thank God on his behalf, because, he has served our state.

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“Now, God has given him the opportunity to serve the nation. We will continue to pray for him for a successful tenure,” he stated.

The former deputy governor appreciated Idahosa for according him the honour with his physical attendance at the Thanksgiving Mass.

He assured the state of his readiness to effectively be a good ambassador effectively by working to reposition of the NIS in line with the renwew hope agenda of the President.

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I will try my best to bring the institute back to life. I will ensure that the reason for setting up the NIS is achieved,” he stated.

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Falana Slams Government Over Failure To Prosecute Suspected Killers In Benue

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Human rights lawyer and senior advocate of Nigeria, Femi Falana (SAN), has criticized the Federal and Benue State Governments for consistently failing to prosecute suspects arrested in connection with ongoing violent attacks across Benue State.

In a statement issued under the platform of the Alliance on Surviving COVID-19 and Beyond (ASCAB), which he chairs, Falana lamented that although hundreds of suspects have been arrested over the years for crimes ranging from illegal possession of firearms to mass killings and kidnapping, most of them are never charged or brought to trial.

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The legal luminary’s reaction follows President Bola Ahmed Tinubu’s recent visit to Benue, during which he directed the Nigeria Police Force to arrest and prosecute all those involved in the latest wave of violence in the state. However, Falana described the president’s order as potentially symbolic, pointing out that previous arrests had not led to convictions or justice for victims.

READ ALSO:Benue Crisis: I’m Happy Nigerians Rebuked You – VDM Slams Billionaire Kiddwaya For Donation Appeal

Falana also berated the Chief of Defence Staff, General Christopher Musa, for alleging that residents of Yelwata community provided shelter for the killers. He described the statement as an attempt to shift blame onto victims instead of addressing the systemic failures of security and governance.

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Providing a timeline of law enforcement actions, Falana stated:

On December 30, 2024, the Benue State Commissioner of Police, Mr. Hassan Yabanet, announced the arrest of 273 suspects involved in capital crimes, along with the recovery of 20 firearms and 51 rounds of ammunition.

On January 17, 2024, Police spokesperson Olumuyiwa Adejobi revealed that an illegal firearms factory had been uncovered in Benue. Two suspects—Friday Aduduakambe and Iorwashima Iornyume—were arrested, and a cache of weapons, including nine locally made pistols and one unfinished AK-47, was seized.

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READ ALSO: Benue Killings: I Expect Arrests, Tinubu Directs Security Chiefs

On April 17, 2025, Governor Hyacinth Alia disclosed that three herdsmen were arrested over the killing of 11 people in the Otobi community, Otukpo Local Government Area.

On June 19, 2025, Community Volunteer Guards apprehended three suspected kidnappers at the Otukpo motor park with ransom money collected from their victims.

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According to Falana, between January and June 2025 alone, dozens of violent crime suspects have been arrested, including 43 suspected killers in the last 10 days. Despite these arrests, no significant prosecutions have been reported.

It is undoubtedly clear that the authorities have continued to treat suspected killers in Benue State like sacred cows,” he said. “The Attorney-General and Commissioner for Justice of Benue State, Mr. Fidelis Mnyim, must take immediate steps to ensure that justice is served.”

Falana stressed that the right to life, guaranteed under Section 33 of the 1999 Constitution, is meaningless unless the state acts decisively to punish those who violate it.

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He warned that unless concrete action is taken, the ongoing culture of impunity will only worsen the bloodshed and erode public trust in the rule of law.

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Troops Nab 8 Kidnap Suspects, Rescue 2 Victims In Kwara

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Troops of the 22 Armoured Brigade, deployed at the Forward Operation Base (FOB) Patigi, in Kwara have nabbed eight suspected kidnappers and rescued two victims.

This is contained in a statement signed by Lt. Stephen Nwankwo, Acting Assistant Director, Army Public Relations of the Brigade in Ilorin on Sunday.

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Acting on credible intelligence, troops launched a tactical operation on Saturday, targeting a hideout on the outskirts of Latandaji Village in Patigi Local Government Area.

READ ALSO:27 Feared Dead In Kwara Boat Mishap

“During the engagement, troops encountered mild resistance, but swiftly subdued the criminals with superior firepower,” he said.

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Nwankwo said that the operation led to the rescue of two kidnap victims, identified as Amos Moses and Philip Michael, while eight suspected kidnappers were arrested.

He, however, said that one Mohammed Mohammed sustained gunshot wounds during the exchange of fire and had been taken to hospital for medical attention.

The brigade spokesman said that further operational exploits in the area led to the recovery of two motorcycles and two expended cartridge shells, believed to be used by the suspects.

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READ ALSO:Yahoo Boy Jailed, Loses N124m, Benz In Kwara

All arrested individuals are currently in military custody for preliminary investigation and will be handed over to relevant authorities for prosecution,” Nwankwo said.

He said that the operation underscores the Nigerian Army’s unwavering commitment to ensure safety of lives and property across the country.

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We urge members of the public to continue providing actionable intelligence to security forces in order to dismantle criminal networks.

“The Nigerian Army remains resolute in its mission to safeguard communities and restore lasting peace in all regions of deployment,” he said.

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