A new ₦1.5 billion Creative Sector Fund has been launched to boost Nigeria’s export-ready enterprises in fashion, film, music, digital art, and beauty. The fund is a joint initiative between Woodhall Finance House, the UK Government, Polaris Bank, and the Lagos State Government.
Announced at the Lagos residence of the British Deputy High Commissioner, the fund was unveiled during the launch of *The Creative Currency Podcast*—a new platform combining media and investment to drive growth in Nigeria’s creative economy.
The podcast is expected to act as both a narrative tool and a transactional gateway—designed to attract capital, influence policy, and showcase Nigeria’s creative strength as a key export engine. The British Deputy High Commissioner said the initiative is focused on creating real opportunities and empowering a new generation of African creatives through UK-Nigeria partnerships.
Representing the Lagos State Governor, the Commissioner for Commerce, Cooperatives, Trade and Investment reiterated Lagos’ role as the continent’s creative hub, citing investments in infrastructure and policy as key efforts to support talent and attract foreign capital.
Speaking at the launch, Woodhall Capital’s President emphasized the need to back local talent with funding. She described creativity as an investable asset, stressing that meaningful change requires Africans to finance their own narratives.
A fireside chat at the event explored UK-Nigeria cultural exchange as a tool to open new markets and enhance global appreciation of African creativity. Fashion designer Veekee James, actress Shaffy Bello, and a UK trade official discussed the role of cultural diplomacy in driving exports.
The evening also featured a panel on financing Africa’s creative economy. Panelists , including leaders from Polaris Bank, Helios Investment Partners, and Woodhall Capital called for innovative financial solutions like blended finance, factoring, and creative bonds to unlock scalable opportunities across
the sector.
